Playing the Rise in IV on ULTA
Right now I'm not really focused on playing the indexes. What I'm focused on is finding stocks that aren't really following the overall market trend. One candidate that recently caught my eye is, ULTA. Today I bought some out of the money calls, with the expectation that as we get closer to their earnings report, we'll see an expansion in volatility, increasing the value of our options. Lets dive in and take a look.