Someone with some huge cash to spend has taken a bearish stance on Ulta Beauty ULTA.
And retail merchants ought to know.
We observed this at present when the large place confirmed up on publicly obtainable choices historical past that we monitor right here at Benzinga.
Whether that is an establishment or only a rich particular person, we do not know. But when one thing this massive occurs with ULTA, it typically means any person is aware of one thing is about to occur.
So how do we all know what this whale simply did?
Today, Benzinga’s choices scanner noticed 17 unusual choices trades for Ulta Beauty.
This is not regular.
The general sentiment of those big-money merchants is cut up between 35% bullish and 64%, bearish.
Out of all the particular choices we uncovered, 8 are places, for a complete quantity of $388,295, and 9 are calls, for a complete quantity of $422,081.
What’s The Price Target?
Taking under consideration the Volume and Open Interest on these contracts, it seems that whales have been focusing on a worth vary from $410.0 to $700.0 for Ulta Beauty over the past 3 months.
Volume & Open Interest Development
Looking on the quantity and open curiosity is a robust transfer whereas buying and selling choices. This knowledge can assist you monitor the liquidity and curiosity for Ulta Beauty’s choices for a given strike worth. Below, we are able to observe the evolution of the amount and open curiosity of calls and places, respectively, for all of Ulta Beauty’s whale trades inside a strike worth vary from $410.0 to $700.0 within the final 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 | 01/19/24 | $700.00 | $142.4K | 137 | 116 |
| ULTA | PUT | SWEEP | BEARISH | 06/16/23 | $500.00 | $98.6K | 139 | 23 |
| ULTA | PUT | SWEEP | BULLISH | 09/15/23 | $520.00 | $81.8K | 39 | 25 |
| ULTA | PUT | SWEEP | BULLISH | 04/21/23 | $510.00 | $57.2K | 572 | 85 |
| ULTA | CALL | SWEEP | BEARISH | 06/16/23 | $560.00 | $54.2K | 425 | 76 |
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ULTA | CALL | SWEEP | BEARISH | 01/19/24 | $700.00 | $142.4K | 137 | 116 |
| ULTA | PUT | SWEEP | BEARISH | 06/16/23 | $500.00 | $98.6K | 139 | 23 |
| ULTA | PUT | SWEEP | BULLISH | 09/15/23 | $520.00 | $81.8K | 39 | 25 |
| ULTA | PUT | SWEEP | BULLISH | 04/21/23 | $510.00 | $57.2K | 572 | 85 |
| ULTA | CALL | SWEEP | BEARISH | 06/16/23 | $560.00 | $54.2K | 425 | 76 |
Where Is Ulta Beauty Standing Right Now?
- With a quantity of 404,417, the worth of ULTA is down -1.43% at $516.66.
- RSI indicators trace that the underlying inventory is at present impartial between overbought and oversold.
- Next earnings are anticipated to be launched in 70 days.
What The Experts Say On Ulta Beauty:
- Credit Suisse has determined to take care of their Outperform ranking on Ulta Beauty, which at present sits at a worth goal of $580.
- Barclays has determined to take care of their Overweight ranking on Ulta Beauty, which at present sits at a worth goal of $636.
- Raymond James has determined to take care of their Strong Buy ranking on Ulta Beauty, which at present sits at a worth goal of $600.
- Telsey Advisory Group downgraded its motion to Outperform with a worth goal of $575
- Telsey Advisory Group has determined to take care of their Outperform ranking on Ulta Beauty, which at present sits at a worth goal of $600.
Options are a riskier asset in comparison with simply buying and selling the inventory, however they’ve increased revenue potential. Serious choices merchants handle this threat by educating themselves every day, scaling out and in of trades, following multiple indicator, and following the markets intently.
If you wish to keep up to date on the most recent choices trades for Ulta Beauty, Benzinga Pro provides you real-time choices trades alerts.
