Fresh Options Ideas
We have a trio of fresh options ideas for today’s report- a couple of earnings plays, and a Form-4 alert.
Ulta Beauty, Inc. ULTA – We saw a Form-4 pop up on ULTA last week, as the stock was beginning to find its way up off a bottom. There is an absolutely massive topside gap on the chart, so we’re looking at this as a longer-term idea.
We’re set to track the ULTA 11/01 $260-265 Calls over the next few weeks, which would play very well if the stock can even begin to fill that gap.
McCormick & Co. Inc. MKC – First up for our pair of earnings plays, we’ve got MKC, which posted a Q3 profit beat as well as heightened guidance. We’re going to tag the MKC Weekly $155-160 Calls for observation this morning.
Stitch Fix, Inc. SFIX – Lastly, we’ve got SFIX earns coming up in the post-market this afternoon, and the stock is at a really good spot on the chart. We’re going to radar the SFIX Weekly $19.50-20 Calls.
We will be initiating coverage on a brand new high-potential nanotech play tomorrow morning!
Stay glued to those inboxes or visit BlueHorseshoeStocks.com shortly after 9AM tomorrow morning for our Special Report!
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