OCT 2020: BIIB $260 – $265 Bull Call Spread
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THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
Trade Selection Criteria
Overall market movement
The markets have been under pressure due to rising COVID cases and elections right around the corner.
No Earnings or Significant News
Earnings are behind us and were announced on 10/21
Bollinger Bands outside Keltner Channels
This is a post-earnings trade. Our normal mean-reversion technical indicators don’t apply here.
RSI Analysis
This is a post-earnings trade. Our normal mean-reversion technical indicators don’t apply here.
ADX Analysis
This is a post-earnings trade. Our normal mean-reversion technical indicators don’t apply here.
Trade Analysis
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