Market Whales and Their Recent Bets on ULTA Options

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 15 trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $175,086 and 10, calls, for a total amount of $528,374.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $320.0 to $600.0 for Ulta Beauty over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Ulta Beauty stands at 124.15, with a total volume reaching 1,498.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Ulta Beauty, situated within the strike price corridor from $320.0 to $600.0, throughout the last 30 days.

Ulta Beauty Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ULTA CALL SWEEP BEARISH 05/03/24 $3.7 $3.3 $3.6 $430.00 $126.0K 22 6
ULTA CALL SWEEP BEARISH 04/26/24 $5.4 $4.4 $4.45 $420.00 $58.1K 583 545
ULTA CALL TRADE NEUTRAL 12/20/24 $53.9 $53.1 $53.55 $415.00 $53.5K 10 10
ULTA CALL TRADE BULLISH 06/21/24 $19.5 $19.4 $19.5 $430.00 $52.6K 103 11
ULTA CALL TRADE BEARISH 04/26/24 $5.4 $4.9 $4.9 $420.00 $49.0K 583 295

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.

After a thorough review of the options trading surrounding Ulta Beauty, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Ulta Beauty

  • Trading volume stands at 474,351, with ULTA's price up by 0.03%, positioned at $418.11.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 30 days.

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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ULTAUlta Beauty Inc
$467.04-%

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Momentum
83.26
Growth
84.58
Quality
42.16
Value
55.75
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