MAR 2021: TGT $172.5 – $177.5 Bull Call Spread
Stock
Trade Structure
Trade Date
Price Paid
Expiration Days
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
Trade Selection Criteria
Overall market movement
Nasdaq has been in a massive correction the entire month of March. Making use of the deep discount that every stock is trading at this time.
No Earnings or Significant News
N/A
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI Analysis
RSI is in over-sold territory and not showing any clear signals. However, support/resistance and ADX are supporting this trade.
ADX Analysis
DI- is pointing down. In addition to this the clear support at $110 is a factor for taking this trade.
Trade Analysis
Trade Outcome
Profit/Loss
Beginning Account Balance
Ending Account Balance
Hi, for this TGT trade, what date did the entry take place?
Please read the post. All the information is there.
thank you so much for the teaching!, I have went over your book so many time, absolutely great book! just wandering if the trade date above on TGT at 3/29/2021 is accurate? because I see on the chart its around 3/02/2021 when the price hits 175ish. really appreciate the response. thank you!
Fixed the typo. The correct date is 3/2
I think there may be an error in your stated entry date. In the blue box at the top you state the entry as 3/29/21. But in your write up you talk about holding the trade for 24 days. I’m wondering if you took this trade in February.
Thanks. Fixed the date. The trade open date was 3/2/2021