Oct 2021: IBM $125 – $130 Bull Call Spread
After 6 weeks of back to back winners, a losing trade
We are on week 6 of back to back winning trades and so far where we literally had 100% winners every week. Things are coming back to reality as markets stabilize here and IBM is the first losing trade to show up (IBM expires on week 7)
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
To participate in our live challenge and to access our online training, please click “Your Account” and upgrade to the “Live Trader” plan.
Trade Selection Criteria
Overall market movement
This is a post-earnings trade. The individual stock’s price movement carries more weight for these trades as compared to the overall market movement.
No Earnings or Significant News
This is a post earnings trade and earnings were announced before market open
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels
Trade was taken purely based on price/action. But RSI is flattening out after entering oversold zone.
Trade was taken purely based on price/action, but DI- is also flattening out confirming my bias.
Beginning Account Balance
Ending Account Balance