After exiting Friday's trade for a 138% gain, we're entering a bullish bet on a company in the same industry reporting tomorrow.
Out of the 2nd ELF trade (the $162.50-$165 spread) at a net credit of $2.24, for a gain of 104%.
Out of the 1st ELF trade (the $172.50-$175 spread) at a net credit of $1, for a gain of 11%.
ELF reported a beat (earnings), beat (revenues), and a raise (forward guidance). Stock closed at $179.75 in the post-market. Hoping that holds during market hours tomorrow.
Out of the 2nd ELF trade (the $162.50-$165 spread) at a net credit of $2.24, for a gain of 104%.
Out of the 1st ELF trade (the $172.50-$175 spread) at a net credit of $1, for a gain of 11%.
ELF reported a beat (earnings), beat (revenues), and a raise (forward guidance). Stock closed at $179.75 in the post-market. Hoping that holds during market hours tomorrow.