I thought ULTA would bounce, and it did (after dipping a little more than I expected). At this point, above $80, I would move to the sidelines, as I don't expect a big bounce but rather some work between 77 and 82. Revisit it closer to the Q1 earnings report, and good job on the trade for those of you who got involved. If you want to ride still, consider selling some $85 calls. 1.20 for the May expiration...
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