December 2, 2016  Trade Alert -  Earnings Eagle  Portfolio – limit orders

The stock is fluctuating all over the place.  While there is still a lot of time premium in the expiring puts, if we can get these limits, a nice gain will result:

 

BTC 5 ULTA 02Dec16 255 puts (ULTA161202P255)

STC 5 ULTA 20Jan17 255 puts (ULTA170120P255) for a credit limit of $6.90  (selling a calendar)

 

BTC 5 ULTA 02Dec16 265 calls (ULTA161202C265)
STC 5 ULTA 20Jan17 265 calls (ULTA170120C265) for a credit limit of $5.90  (selling a calendar)

 

Happy trading.

 

Terry