ULTA has been on a multi-year bullish trend. It also has an earnings announcement coming on May 25th. We are combining these two situations to create a Bull Call Calendar that targets a 287.50 strike and uses the earnings announcement to leverage the IV change for profits.
AMZN has been in a solid uptrend. We are combining this with the volatility effects from the upcoming earnings announcement to create a Bull Call Calendar.
The last few days had been an improvement in this trade, but today’s pullback reversed that. We have only a few days left and the risk of a larger loss is significant if AMZN doesn’t