Call Spread on ULTA on 3/30/2016

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) operates as a specialty retailer in the United States.

The company’s stores provide cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. It also offers cosmetics, which includes products for the face, eyes, cheeks, lips, and nails; haircare products, such as shampoos, conditioners, styling products, and hair accessories; and salon styling tools comprising hair dryers, curling irons, and flat irons.

In addition, the company provides skincare, and bath and body products consisting of products for face, hands, and body; fragrances; nail polish and nailcare products; and men’s skincare, haircare, and fragrance products. Further, it offers private label products consisting of Ulta branded cosmetics, skincare, bath and body products, and haircare products; and other health and beauty products.

As of August 1, 2015, it operated 817 stores in 48 states. Its full-service salon in its stores offers haircuts, hair coloring, and texturizing, as well as facials and waxing; and offers its products through its Website, ulta.com.

Shares have formed a bullish "flag" following the Company's latest quarterly report. Higher share prices are expected for this stock.

 Will Be Trading April 15th Options.

52-Weeks Trading Range: $120.38 - $194.99

Last Trade: $193.10

Trade Buy 1 April $190.00 Call at $5.50 Sell 1 April $200.00 Call at $0.90 For a net debit of $4.60 Profit/Loss Analysis Breakeven at $194.60 Maximum profit is $540.00 at strike of $200.00 Maximum loss is ($460.00) at strike of $190.00 Closing Summary Sold 1 April $190.00 Call at $12.50 Bought 1 April $200.00 Call at $4.00

Position closed on 4/8/2016 at price of $8.50 with a 84.78% gain in 8 days.

Updates

4/8/2016 9:33:20 AM

We are taking profits on ULTA call spread....

Back to Portfolio