Sept 2019: GOOG $1220- $1230 Bull Call Spread
Trade Selection Criteria
Overall market movement
SPY pulled back from its all time high of 302 to 294 but is showing signs of going back up again. Overall a range bound market
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 outside Keltner Channels. We are not in a squeeze or low volatility period.
RSI has flattened out, but is not touching the overbought and oversold zone.
ADX is flat and low confirming that the stock is range bound. There is no trend in place.
Beginning Account Balance
Ending Account Balance