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ULTA Beauty Options Ahead of Earnings

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Ulta Beauty, Inc. (NASDAQ:ULTA)  
TopgOptions Updated   
NASDAQ:ULTA   Ulta Beauty, Inc.
Trend Analysis Technical Indicators Fundamental Analysis ULTA ultabeauty signalspackage signaltrading signalvip signalsfree signalgroup
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trendanalysis indicator fundamental ulta ultabeauty signalspackage signaltrading signalvip signalsfree signalgroup
Looking at the ULTA Beauty Options options chain ahead of earnings , I would buy the $480 strike price Puts with
2023-9-15 expiration date for about
$28.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.



Comment:
ULTA reached $417.60 today after the earnings, and the puts are now trading at $64.90, up from $28.90 when I wrote this article.
That's a significant gain of 125%!
Trade closed!
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