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JAN 2021: FB $260 – $265 Bull Call Spread

Stock

FB

Trade Structure

$260- $265 Call Spread

Trade Date

1/29/2021

Price Paid

$250

Expiration Days

03/12/2021

THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.

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Trade Rationale

Another awesome post-earnings trade. FB beat earnings and fell sharply. It got dragged down further by the sell-off this week, giving us a great entry at $260. Frankly, support is at $265, so this will turn out very nicely. Again, watch this how it plays out along with AAPL trade we took on the same day.

Trade Selection Criteria

Overall market movement

We had a nice pullback in the entire market which allowed us to put on 18 trades this week.

No Earnings or Significant News

Earnings are behind us and were announced on 1/27

Bollinger Bands outside Keltner Channels

Bollinger bands are clearly outside the Keltner Channels.

RSI Analysis

This is a post earnings trade. Our regular indicators don’t apply here.

ADX Analysis

This is a post earnings trade. Our regular indicators don’t apply here.

Trade Analysis

Analysis will be updated when we close this trade.

Trade Outcome

PENDING

Profit/Loss

$N/A

Beginning Account Balance

$10,600

Ending Account Balance

$N/A

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

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