Nov 2021: MRNA $225- $230 Bull Call Spread
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THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Massive 1000 point drop in DOW!
Our group had been trading at reduced allocations (between 15% – 20%) for weeks now to reduce our exposure to the markets. Today was the day to take advantage of the sudden sell-off and I encourage everybody to stretch their allocations to 30%. Although, the new COVID variant is not something to be taken lightly, this massive drop in the market is an over-reaction in my opinion.
Trade Rationale
Trade Selection Criteria
Overall market movement
This is a post earnings trade, the individual stock’s price movement is more important than the overall market.
No Earnings or Significant News
This is a post earnings trade and earnings were announced a day ago
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels
RSI Analysis
Trade was taken purely based on price/action
ADX Analysis
Trade was taken purely based on price/action
Trade Analysis
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