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SEP 2020: AAPL $113.5- $118.5 Bull Call Spread

Stock

AAPL

Trade Structure

$113.5- $118.5 Call Spread

Trade Date

09/04/2020

Price Paid

$250

Expiration Days

10/16/2020

THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.

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Trade Rationale

With AAPL, they had a 4:1 split which was coming up so I didn't put on my regular post-earnings trade on it. When a split happens, it changes the personality and trading behavior of a stock, so I had to wait a little to get into AAPL. To add to this AAPL and TSLA both shot up to the moon so much pre-split, that a pullback was almost guaranteed in these cases.

Trade Selection Criteria

Overall market movement

This is a post-earnings trade. My usual mean reversion parameters don’t apply here. These trades are based on Support/Resistance only

N/A

No Earnings or Significant News

Earnings and the 4:1 Split in AAPL is behind us.

Bollinger Bands outside Keltner Channels

This is a post earnings trade – our regular mean reversion indicators don’t apply here.

N/A

RSI Analysis

This is a post earnings trade – our regular mean reversion indicators don’t apply here.

N/A

ADX Analysis

This is a post earnings trade – our regular mean reversion indicators don’t apply here.

N/A

Trade Analysis

Analysis will be updated when I close the trade.

Trade Outcome

PENDING

Profit/Loss

$0

Beginning Account Balance

$6,725

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

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