BTO $U 20210521 $110 call for short-term practise

Apr 15, 2021

Another short term call option practice. BTO U 20210521 $110 call at $3.4.
Reason:
1. narrow BB width
2. price above 10/20 day SMA

Apr 20, 2021

Trade closed manually

welp, did not work out. closed with 1/3 price loss. Guess it is more important to check on the index. this setup will only work when the indexes are in the bullish trend

Apr 22, 2021

Note

turned out my calls would have been profitable if I have kept it, huh.
revised method to enter short-term calls:
1. narrow BB width
2. price above 10/20 day SMA
3. enter when price takes a dip below the 20 day SMA