MAR 2021: TGT $172.5 – $177.5 Bull Call Spread



Trade Structure

$172.5- $177.5 Call Spread

Trade Date


Price Paid


Expiration Days



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Trade Rationale

Massive red candle on an earnings beat? Another reason why I don’t put trades on when earnings are coming up. TGT got pulled down with the market and I entered the 172.15 - 177.5 spread when TGT was around 174. I did this based on the clear support at $175ish level. TGT got pulled further down as the entire market was in a free fall, and has recovered since.

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


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

Target kept falling initially all the way down to $166, giving our members many opportunities to enter it at lower strikes. However, it reversed after 5 days and just took off to the races. We were able to close this for our full profit target in 24 short days.

Trade Outcome




Beginning Account Balance


Ending Account Balance


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