Some Plays for the Last Session of the Month
We're now winding down another month -- and, with the last trading day coming before a weekend, I expect a decent amount of action early in the session Friday. However, I anticipate the second half of the session to come in light, with a fade against whatever direction we see in the morning. Friday may be a decent day to pursue some pin plays, but I will look to keep them on the small side, as the politicians have been jerking this market back and forth in the middle of the session every day, or so it seems.
Ulta Salon (ULTA) is one of those earnings names I can't seem to get right on direction. The problem seems to be that I don't agree with the valuation very much, so I tend to have a bearish bias on it. I think there is a decent opportunity here, though, given the time frame for the December expiration and the stock here....223 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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