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ULTA at 389.62
I’m looking for a move towards 330
This is an unbalanced put condor. I’m buying a 390/360 put debit spread and I’m selling a 320/300 put credit spread to partially cover the cost of the debit spread.
This condor has no risk on the downside, max risk is the debit paid. Size accordingly.
Risk Profile:
Order Ticket:
ULTA at 369.03
This trade is showing +30% in 6 days and it’s not a bad idea to either take profits or adjust to reduce risk
Here’s closing order ticket:
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