Whales with a lot of money to spend have taken a noticeably bullish stance on Ulta Beauty.
Looking at options history for Ulta Beauty ULTA we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $820,702 and 4, calls, for a total amount of $151,451.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $550.0 for Ulta Beauty over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Ulta Beauty's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Ulta Beauty's substantial trades, within a strike price spectrum from $400.0 to $550.0 over the preceding 30 days.
Ulta Beauty 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ULTA | PUT | TRADE | BULLISH | 06/21/24 | $470.00 | $190.5K | 97 | 303 |
| ULTA | PUT | SWEEP | BULLISH | 09/20/24 | $405.00 | $75.0K | 45 | 624 |
| ULTA | PUT | SWEEP | BULLISH | 04/05/24 | $540.00 | $73.5K | 45 | 42 |
| ULTA | CALL | SWEEP | BEARISH | 03/22/24 | $537.50 | $65.2K | 29 | 23 |
| ULTA | PUT | SWEEP | BULLISH | 03/22/24 | $525.00 | $64.3K | 154 | 119 |
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.
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.
Ulta Beauty's Current Market Status
- With a trading volume of 1,023,715, the price of ULTA is down by -0.68%, reaching $532.33.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 66 days from now.
Professional Analyst Ratings for Ulta Beauty
5 market experts have recently issued ratings for this stock, with a consensus target price of $603.0.
- In a cautious move, an analyst from Telsey Advisory Group downgraded its rating to Outperform, setting a price target of $600.
- An analyst from Telsey Advisory Group downgraded its action to Outperform with a price target of $600.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Ulta Beauty, targeting a price of $610.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Ulta Beauty, targeting a price of $665.
- 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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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