Agree To Buy Ulta Beauty At $300, Earn 3.9% Using Options
April 04, 2024 at 11:32 AM EDT
Investors eyeing a purchase of Ulta Beauty Inc (ULTA) stock, but tentative about paying the going market price of $455.89/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $300 strike, which has a bid at the time of this writing of $11.70..