Feb 2020: RUT $1615- $1635 Bull Call Spread
Trade Selection Criteria
Overall market movement
DOW dropped a crazy 700 points due to the ongoing corona virus scare, taking down many stocks with it dragging many stocks and indexes down with it.
No Earnings or Significant News
N/A Earnings don’t apply to Indexes and ETFs
Bollinger Bands outside Keltner Channels
Bollinger bands are outside Keltner Channels and the price is touching the lower Bollinger Band
RSI bounced back after momentarily touching 30 indicating a trend reversal opportunity.
ADX is below 20 indicating the downward movement that RUT has been experiencing since 1/20 has no legs.
Beginning Account Balance
Ending Account Balance