Sept 2019: GOOG $1220- $1230 Bull Call Spread



Trade Structure

$1220-$1230 Bull Call Spread

Trade Date


Expiration Days


Trade Rationale

During this month, the market is mostly range bound and not giving many trading opportunities. You will notice most of trades appear unusual and I am trying to make some money by trading the tight range.

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 Analysis

RSI has flattened out, but is not touching the overbought and oversold zone.

ADX Analysis

ADX is flat and low confirming that the stock is range bound. There is no trend in place.

Trade Analysis

This spread immediately went against me as soon as I put it on, however as expiration neared it bounced back up and I was able to close it for a profit. If you had bought a regular Call, you would have been wiped out and lost money on this trade.

Trade Outcome




Beginning Account Balance


Ending Account Balance


To follow along the strategies we use in the $25K challenge, we recommend that you get the strategy book which explains the whys and wherefores of our method. Get it here=>