Financial giants have made a conspicuous bullish move on Ulta Beauty. Our analysis of options history for Ulta Beauty ULTA revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $211,497, and 3 were calls, valued at $119,460.
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Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $430.0 to $565.0 for Ulta Beauty during the past quarter.
Volume & Open Interest Trends
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 $430.0 to $565.0 in the last 30 days.
Ulta Beauty Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ULTA | PUT | SWEEP | BULLISH | 04/19/24 | $525.00 | $66.5K | 0 | 41 |
| ULTA | CALL | SWEEP | BULLISH | 03/15/24 | $535.00 | $54.0K | 282 | 59 |
| ULTA | PUT | SWEEP | BEARISH | 01/17/25 | $540.00 | $41.7K | 148 | 8 |
| ULTA | PUT | TRADE | BULLISH | 03/15/24 | $535.00 | $37.8K | 68 | 10 |
| ULTA | CALL | TRADE | BEARISH | 03/22/24 | $565.00 | $36.3K | 0 | 33 |
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
- With a trading volume of 118,864, the price of ULTA is down by 0.0%, reaching $529.88.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 20 days from now.
Professional Analyst Ratings for Ulta Beauty
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $565.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Ulta Beauty with a target price of $600.
- In a cautious move, an analyst from Loop Capital downgraded its rating to Hold, setting a price target of $530.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Ulta Beauty with Benzinga Pro for real-time alerts.
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