Check Out What Whales Are Doing With ULTA

Whales with a lot of money to spend have taken a noticeably bearish stance on Ulta Beauty.

Looking at options history for Ulta Beauty ULTA we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $81,507 and 6, calls, for a total amount of $1,143,488.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $420.0 and $490.0 for Ulta Beauty, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Ulta Beauty's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Ulta Beauty's whale activity within a strike price range from $420.0 to $490.0 in the last 30 days.

Ulta Beauty 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ULTA CALL TRADE NEUTRAL 03/15/24 $420.00 $488.8K 676 0
ULTA CALL SWEEP BEARISH 03/15/24 $470.00 $463.9K 60 187
ULTA CALL TRADE BEARISH 03/15/24 $490.00 $59.6K 275 70
ULTA CALL SWEEP BULLISH 01/26/24 $470.00 $49.2K 44 102
ULTA PUT TRADE BEARISH 01/19/24 $475.00 $46.0K 338 21

About Ulta Beauty

With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 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.

Following our analysis of the options activities associated with Ulta Beauty, we pivot to a closer look at the company's own performance.

Ulta Beauty's Current Market Status

  • Trading volume stands at 293,950, with ULTA's price up by 0.81%, positioned at $479.36.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 48 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Ulta Beauty options trades with real-time alerts from Benzinga Pro.

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ULTAUlta Beauty Inc
$465.64-0.30%

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