Investors with significant funds have taken a bearish position in Ulta Beauty ULTA, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ULTA usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 16 options transactions for Ulta Beauty. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 31% being bullish and 68% bearish. Of all the options we discovered, 15 are puts, valued at $986,231, and there was a single call, worth $32,600.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $515.0 for Ulta Beauty, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Ulta Beauty options trades today is 398.45 with a total volume of 1,214.00.
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 $310.0 to $515.0 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 | TRADE | BEARISH | 05/17/24 | $90.0 | $86.6 | $90.0 | $515.00 | $270.0K | 0 | 30 |
| ULTA | PUT | TRADE | BEARISH | 05/17/24 | $16.2 | $15.8 | $16.12 | $430.00 | $104.7K | 314 | 192 |
| ULTA | PUT | SWEEP | BULLISH | 09/20/24 | $13.3 | $10.9 | $11.03 | $365.00 | $94.0K | 672 | 2 |
| ULTA | PUT | SWEEP | BEARISH | 06/20/25 | $12.6 | $11.4 | $12.6 | $310.00 | $63.0K | 1 | 50 |
| ULTA | PUT | SWEEP | NEUTRAL | 05/17/24 | $8.9 | $8.5 | $8.71 | $415.00 | $53.1K | 449 | 235 |
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.
Ulta Beauty's Current Market Status
- With a trading volume of 326,500, the price of ULTA is down by -2.33%, reaching $423.15.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 37 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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