Commit To Buy Ulta Beauty At $195, Earn 6.4% Using Options
January 23, 2019 at 11:52 AM EST
Investors eyeing a purchase of Ulta Beauty Inc (ULTA) stock, but cautious about paying the going market price of $289.42/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $195 strike, which has a bid at the time of this writing of $12.40..