OCT 2020: OKTA $215- $220 Bull Call Spread
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 Selection Criteria
Overall market movement
The markets have been under pressure due to rising COVID cases and elections right around the corner.
No Earnings or Significant News
Earnings are coming up on 12/04, so don’t coincide with our expiration date
Bollinger Bands outside Keltner Channels
Bollinger Bands are way outside the Keltner Channels
Although, not conclusive, RSI is beginning to turn upwards.
DI- has flattened out indicating that the downward momentum may have lost steam.
Beginning Account Balance
Ending Account Balance