Oct 2019: GOOG $1180 – $1200 Bull Call Spread
Trade Selection Criteria
Overall market movement
The overall market had a big down day today. However, there is no fundamental reason supporting the sudden pullback.
No Earnings or Significant News
Earnings are behind us and the next earnings will be after our expiration cycle.
Bollinger Bands outside Keltner Channels
Bollinger Bands are way outside Keltner Channels. We love these scenarios. These are perfect opportunities for mean reversion trades.
RSI is clearly in oversold territory. But is not giving a clear indication of a trend reversal.
ADX is flat and low confirming that this sudden drop in price is not sustainable.
Beginning Account Balance
Ending Account Balance