By Dan Darrow

September 07, 2022

Intraday Update: ULTA

ULTA has been impressive this week. A strong bounce yesterday morning and a strong start today has led to a move to the initial target zone for the Oct21 $440 - $450 call spread, so it is time to scale back risk. The plan will be to close the current spread and roll up to an Oct21 $450 - $455 call spread. The next target is 450+.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication