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 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $381,322 and 3, calls, for a total amount of $396,897.
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 $330.0 to $540.0 for Ulta Beauty over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Ulta Beauty options trades today is 236.56 with a total volume of 370.00.
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 $330.0 to $540.0 over 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 | SWEEP | BEARISH | 12/15/23 | $450.00 | $209.2K | 5 | 25 |
| ULTA | CALL | SWEEP | BEARISH | 01/17/25 | $500.00 | $144.5K | 29 | 0 |
| ULTA | PUT | SWEEP | BEARISH | 09/15/23 | $470.00 | $66.0K | 75 | 11 |
| ULTA | PUT | SWEEP | BEARISH | 09/15/23 | $470.00 | $63.5K | 75 | 95 |
| ULTA | PUT | SWEEP | BEARISH | 05/19/23 | $510.00 | $58.6K | 812 | 100 |
Where Is Ulta Beauty Standing Right Now?
- With a volume of 432,153, the price of ULTA is down -4.2% at $492.04.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Ulta Beauty:
- Loop Capital has decided to maintain their Hold rating on Ulta Beauty, which currently sits at a price target of $550.
- UBS has decided to maintain their Buy rating on Ulta Beauty, which currently sits at a price target of $640.
- Oppenheimer has decided to maintain their Outperform rating on Ulta Beauty, which currently sits at a price target of $575.
- Piper Sandler has decided to maintain their Overweight rating on Ulta Beauty, which currently sits at a price target of $640.
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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