Ulta Beauty Inc (ULTA) Straddle

Trading a ULTA straddle lets you take a pure volatility position on Ulta Beauty Inc without committing to a direction. Ulta Beauty Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate ULTA straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ULTA profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Ulta Beauty Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the ULTA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states.

It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the ULTA straddle is the cleanest expression of that view. Our scanner prices every ULTA straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a ULTA straddle into a catalyst or short a ULTA straddle to harvest decay, the options straddle setups that matter are all in one place.