Nov 2019 – TSLA $347-$337 Put Debit Spread
Trade Selection Criteria
Overall market movement
Market just hit an all time high with SPY touching $309 for the first time.
No Earnings or Significant News
Bollinger Bands outside Keltner Channels
RSI is in overbought territory. Although, inconclusive and not giving any clear signals.
ADX being a lagging indicator is not showing anything conclusive. However, DI+ line is curving down and could indicate a loss of positive momentum