fbpx
‪(720) 819-5927‬ support@25koptionschallenge.com

APR 2021: ABNB $170 – $175 Bull Call Spread

Stock

ABNB

Trade Structure

$170 - $175Call Spread

Trade Date

4/13/2021

Price Paid

$250

Expiration Days

05/14/2021

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 Rationale

ABNB IPOd last December and I trade stocks which have some kind of trading pattern in place, so have been avoiding it so far. After 5 months post IPO, ABNB has a decent trading pattern in place and I got into this trade after seeing ABNB drop to its support level at $170ish. Although, it appears that the stock is now entering a squeeze/consolidation, but we still have a nice trading range available between $170 - $195 even inside this squeeze.

Trade Selection Criteria

Overall market movement

N/A – There is nothing drastic going on in the overall Market. ABNB has dropped on no material news

N/A

No Earnings or Significant News

Earnings are on 5/25. Our expiry is 5/14 so we are safe.

Bollinger Bands outside Keltner Channels

Bollinger bands are slightly outside the Keltner Channels.

RSI Analysis

Trade was taken based on support/resistance levels
N/A

ADX Analysis

Trade was taken based on support/resistance levels
N/A

Trade Analysis

Analysis will be updated when we close the trade.

Trade Outcome

PENDING

Profit/Loss

$0

Beginning Account Balance

$11,100

Ending Account Balance

$PENDING

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=> https://amzn.to/2MUOCE5

Submit a Comment

Your email address will not be published.

Free no-obligation 7-day trial The Bull Run is just getting started...

The massive 5 month long correction is behind us and the Bull run is just getting started. Are you ready to take advantage of it?