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ULTA 15OCT CALL SPREAD

Homepage Forums Active Trader Forum Active Trader – IGOR Trades ULTA 15OCT CALL SPREAD

This topic contains 1 reply, has 1 voice, and was last updated by  Igor 4 years, 6 months ago.

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  • Author
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  • #18463

    Igor
    Keymaster

    ULTA at 385.93

    This chart looks like it is going to run up to 390+ near term. I’m setting up a very simple, Risk 1 to make 1 trade here in the OCT monthly expiration cycle.

    Chart:

    Risk Profile:

    Order Ticket:

    #18488

    Igor
    Keymaster

    ULTA at 391.59

    This call spread is now ITM with 3 days until expiration. The most this spread can be worth is 2.50

    Right now it is trading around 1.90 and I will take this trade off as the gamma starts to kick in, which can put this spread OTM with a 5 point move in the price of the underlying.

    Order Ticket:

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