All about the options...holding it under 85 for the exp of weeklies and I am all about it. Also some big plays in the 82.50-85 range, so don't expect a pop until after the 21st.
What a great trading day so far...these DECK 85 weeklies will expire worthless and already swung into Jan 100 Calls on ULTA at 2.55 for 10 contracts and out at 3.50. This thing is going to drag between 82.50 and 85 for a while based on options trading by the big boys.
I agree the trading range is wonderful. I just have a bad read here on the action. Counter intuitive action. I think I need to cash even and wait for a nice dip like this to swing trade.
I was thinking I needed to give it room on a good up day but now I need to go back to my putting in stops whenever I am up a point. Traders make good cash here buying the nice dips. It would be hard for me to short when up over 46% this month.