A whale with a lot of money to spend has taken a noticeably bearish stance on Ulta Beauty.
Looking at options history for Ulta Beauty ULTA we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $228,800 and 11, calls, for a total amount of $830,806.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $440.0 to $700.0 for Ulta Beauty over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $440.0 to $700.0 in the last 30 days.
Ulta Beauty Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ULTA | CALL | TRADE | NEUTRAL | 05/19/23 | $525.00 | $230.0K | 35 | 100 |
| ULTA | CALL | SWEEP | BEARISH | 01/19/24 | $540.00 | $168.9K | 136 | 66 |
| ULTA | CALL | SWEEP | BEARISH | 01/19/24 | $540.00 | $113.6K | 136 | 23 |
| ULTA | PUT | SWEEP | BULLISH | 06/16/23 | $545.00 | $66.2K | 0 | 21 |
| ULTA | CALL | TRADE | BEARISH | 01/19/24 | $450.00 | $60.3K | 145 | 5 |
Where Is Ulta Beauty Standing Right Now?
- With a volume of 437,665, the price of ULTA is down -0.29% at $530.24.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 57 days.
What The Experts Say On Ulta Beauty:
- Telsey Advisory Group has decided to maintain their Outperform rating on Ulta Beauty, which currently sits at a price target of $600.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $575
- Barclays has decided to maintain their Overweight rating on Ulta Beauty, which currently sits at a price target of $636.
- BMO Capital has decided to maintain their Market Perform rating on Ulta Beauty, which currently sits at a price target of $510.
- Piper Sandler has decided to maintain their Overweight rating on Ulta Beauty, which currently sits at a price target of $615.
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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