NOV 2020: LRCX $430 – $425 Bear Put Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
There is no extreme movement in Nasdaq, but the stock does show signs of an extreme up move.
No Earnings or Significant News
Earnings are behind us and were announced on 10/21
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI is in overbought zone but no conclusive as it hasn’t dipped below 70
DI+ is pointing downwards, indicating that the bullish momentum may have lost its legs.
Beginning Account Balance
Ending Account Balance