Aug 2019: AAPL $195 – $205 Bull Call Spread

Stock

AAPL

Trade Structure

$195 - $205 Bull Call Spread

Trade Date

08/06/2019

Expiration Days

09/20/2019

Trade Rationale

With the whole market under pressure for the previous week, Apple got dragged down along with the market. All our indicators are finally pointing to the first signs of recovery. With 45 days remaining, we buy a $195 - $205 Bull Call Spread for $468. If AAPL expires above $205, I will make $500 approx in 45 days or less.

Trade Selection Criteria

Overall market movement

Overall market was under pressure for a week and dragged down all stocks along with it. The perfect setup that we always look out for!

No Earnings or Significant News

Earnings are behind us and were announced on 7/30. There is no significant news or earnings event during our trade 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 changing directions indicating a reversal in trend.

ADX Analysis

ADX flat. The previous downward momentum seems to have lost its strength.

Trade Analysis

Trade Outcome

Winning Trade

Profit/Loss

$514

Beginning Account Balance

$

Ending Account Balance

$

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