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
Reason:
1. narrow BB width
2. price above 10/20 day SMA
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
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