Preparing for March 11 earnings week (ULTA)

- Earnings on Thurs after close
- Nearing its ATH at $322 (Nov 2018)
- Cramer is bullish
- 1 year chart uptrend is very good
- The question is if it can break the ATH or not
- What is different now than it was in Nov 2018?... Maybe the market is healthier overall
- It is trading above the VWAP and the SMA is in an uptrend
- I am bullish here and would think about doing a vertical spread at the money $305/$310. This would be a rather conservative strategy, in case there is a pullback at $322. I do not see the stock plummeting very far either, seeing that it's been growing so steadily in the last 1 year.

Trade stängt: målet nått:

WOOOOT!!

ULTA did great! +4% surprise in addition to a lot of hype around the internet and news.

Following the Earnings after close, after hours prices soared to $325, leaving both legs of the spread ITM.