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Model - Bollinger Bend
Created by Q bitfool on 12/1/2020
, last modified on 12/1/2020
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Model Name
Bollinger Bend

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This strategy is modified for stocks from one I found reported on an options trading forum (behind paywall) as follows:

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Here are the trading rules:

  • Sell a put credit spread at 35-45 DTE, 20-30 delta when the Upper Bollinger Band (3, 3) is below the Lower Bollinger Band (20, 1).
  • Close at 50% profit.

Bollinger 3,3 means Bollinger 3 period at 3 Standard Deviations. Bollinger 20,1 means Bollinger 20 period at 1 STD DEV.

I call it the Bollinger Bend because that upper bollinger bends down kind of like an elastic when it goes under the lower bollinger and more often than not it also flings back up again just like an elastic.

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Contains debug string output using the WriteToDebugLog method in C#-Coded Models.