27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Ulta Beauty. Our analysis of options history for Ulta Beauty (NASDAQ:ULTA) revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $686,830, and 6 were calls, valued at $199,084.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $445.0 to $500.0 for Ulta Beauty over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Ulta Beauty options trades today is 303.75 with a total volume of 1,638.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Ulta Beauty's big money trades within a strike price range of $445.0 to $500.0 over the last 30 days.
Ulta Beauty 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ULTA | PUT | SWEEP | BEARISH | 04/12/24 | $47.1 | $45.8 | $47.1 | $500.00 | $230.7K | 208 | 49 |
| ULTA | PUT | SWEEP | BEARISH | 04/19/24 | $46.6 | $44.2 | $46.09 | $500.00 | $136.6K | 426 | 219 |
| ULTA | PUT | SWEEP | BULLISH | 04/19/24 | $49.0 | $45.0 | $46.44 | $500.00 | $120.7K | 426 | 117 |
| ULTA | PUT | SWEEP | BULLISH | 04/19/24 | $47.2 | $44.2 | $45.5 | $500.00 | $58.9K | 426 | 260 |
| ULTA | CALL | TRADE | BULLISH | 06/21/24 | $29.0 | $29.0 | $29.0 | $450.00 | $43.5K | 309 | 53 |
About Ulta Beauty
With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
In light of the recent options history for Ulta Beauty, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Ulta Beauty Standing Right Now?
- Trading volume stands at 84,764, with ULTA's price up by 1.0%, positioned at $444.4.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 49 days.
Expert Opinions on Ulta Beauty
In the last month, 5 experts released ratings on this stock with an average target price of $601.4.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Ulta Beauty, targeting a price of $612.
- An analyst from Evercore ISI Group persists with their Outperform rating on Ulta Beauty, maintaining a target price of $630.
- An analyst from Telsey Advisory Group downgraded its action to Outperform with a price target of $600.
- An analyst from Baird persists with their Outperform rating on Ulta Beauty, maintaining a target price of $625.
- Maintaining their stance, an analyst from Loop Capital continues to hold a Hold rating for Ulta Beauty, targeting a price of $540.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Ulta Beauty, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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