NOV 2020: ETSY $120 – $125 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
Nasdaq has been under pressure for last 2 days causing a massive sell-off in all tech stocks
No Earnings or Significant News
Earnings are behind us and were announced on 10/28
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI is flattening out indicating the downward pressure may have slowed down. However, it is still inconclusive.
DI- is clearly pointing down indicating that the downward pressure on Etsy is at its end.
Beginning Account Balance
Ending Account Balance