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ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA)

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Daily chart of ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA), $266.62.

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Trade:  Over $268, we recommend selling 10 Feb $255/245 bull put spread (24 DTE) for a net credit of $1,050 or better (closed with mid-point of $1.15/share).
Strategy:  Breakout from bullish consolidation on daily and weekly charts.
Max Gain:   Credit Received.
Max Loss:  Spread width less credit received, but would be less with stop posted.
Stop Loss:  $258.98


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