Sep 2021: MRNA $370 – $375 Bull Call Spread



Trade Structure

$370-$375 Call Spread

Trade Date


Price Paid


Expiration Days



To participate in our live challenge and to access our online training, please click “Your Account” and upgrade to the “Live Trader” plan.


Trade Rationale

MRNA like other pharma stocks is a very volatile stock. After an eps beat it initially shot up from $400 to almost $500 in a matter of 3 days. As is common with these kind of sudden moves, the stock usually pulls back due to profit taking. MRNA did pull back and then started going sideways stabilizing in a range between $365 and $405. I took this trade somewhere towards the lower end of the trading range. It seems to be popping out of this sideways movement to the upside and looks like a pretty good trade at the moment.

Trade Selection Criteria

Overall market movement

This trade is a post earnings trade. With these kind of trades I pay attention to the individual stock movement more than anything else. The overall market movement does not factor much into it. 

No Earnings or Significant News

This is a post-earnings trade. The earnings were announced a few days ago.

Bollinger Bands outside Keltner Channels

Bollinger bands are clearly outside Keltner Channels.

RSI Analysis

RSI is sharply turning up

ADX Analysis

DI- is turning down and DI+ is turning up at the same time.

Trade Analysis

MRNA just took off in my direction after placing this trade and returned 94% ROI in 22 days!

Trade Outcome




Beginning Account Balance


Ending Account Balance


To follow along the strategies we use in the $25K challenge, we recommend that you get the strategy book which explains the whys and wherefores of our method. Get it here=>