ULTA
Ulta Beauty Inc
stock NASDAQ

Looks a retest of the recent breakout . Bought SPX calls. Holding EL and ULTA shares

[Option Summary](https://preview.redd.it/8s9yggqufz2b1.png?width=3180&format=png&auto=webp&v=enabled&s=483f32b2c72413f443f7d5b45d4fc49ed607126f)
## Most Bearish
Most directionaly bearish. Long puts or short calls.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|FL/26/26|\-53.27|0.88|0.88|0.0|80.4|
|YINN/31/31|\-39.11|1.02|0.98|0.0|90.5|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|SQQQ/22/22|\-35.27|0.93|0.96|0.0|96.1|
|ULTA/415/405|\-34.6|1.47|1.43|0.0|91.0|
|ASO/48/48|\-33.37|1.22|1.24|6.0|88.1|
|NTR/55/53|\-30.99|1.03|1.08|0.0|86.1|
|NUGT/35/35|\-30.32|1.05|1.1|0.0|88.7|
|JNUG/34/34|\-29.39|1.05|1.03|0.0|86.6|
|NEM/40/40|\-27.07|1.38|0.73|55.0|88.1|
## Most Bullish
Most directionaly bullish. Long calls or short puts.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|UPST/26/26|64.91|1.26|1.22|0.0|94.7|
|SOXL/23/23|63.62|1.21|1.2|0.0|93.8|
|MRVL/62/60|58.64|1.12|1.13|0.0|96.3|
|NVDA/415/400|54.43|1.14|1.23|0.0|97.9|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AMD/126/124|42.67|1.13|1.17|62.0|97.4|
|TQQQ/35/35|34.32|0.99|0.99|0.0|98.2|
|ZS/135/133|33.93|1.86|1.86|0.0|96.9|
|ANF/30/30|32.4|0.91|0.94|0.0|77.3|
## Cheap Calls
These calls offer the lowest Call Premium (Call IV / HV). Buy calls, debit spreads, straddles or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|EWG/28/28|\-10.44|1.26|0.55|0.0|90.3|
|THC/75/65|3.13|0.7|0.61|50.0|64.8|
|PXD/205/200|\-16.85|1.38|0.61|62.0|84.9|
|WAL/34/34|2.65|0.65|0.63|50.0|86.4|
|META/270/260|23.95|0.64|0.68|56.0|98.1|
|CMG/2100/2100|13.04|0.69|0.69|55.0|87.4|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|ALGN/290/280|\-18.46|0.77|0.72|57.0|83.4|
|NEM/40/40|\-27.07|1.38|0.73|55.0|88.1|
|BDX/250/230|\-11.86|1.09|0.73|0.0|67.7|
## Cheap Puts
These puts offer the lowest Put Premium (Put IV / HV). Buy calls, debit spreads, straddles or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|IVV/426/418|18.41|0.2|1.37|0.0|75.7|
|META/270/260|23.95|0.64|0.68|56.0|98.1|
|WAL/34/34|2.65|0.65|0.63|50.0|86.4|
|CMG/2100/2100|13.04|0.69|0.69|55.0|87.4|
|SE/60/58|\-36.23|0.7|0.7|0.0|95.0|
|THC/75/65|3.13|0.7|0.61|50.0|64.8|
|FUTU/37/37|\-23.97|0.73|0.76|6.0|94.5|
|RBLX/39/39|2.88|0.77|0.78|0.0|95.4|
|AAPL/180/175|8.76|0.77|0.77|0.0|98.6|
|EXAS/83/81|22.62|0.77|0.74|0.0|83.9|
## Expensive Puts
These are priced expecting the underlying to move down more than it has in the past. Sell puts, credit spreads, or cash secured puts.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
## Expensive Calls
These are priced expecting the underlying to move up more than it has in the past. Sell calls, credit spreads, covered calls.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
## Highest Premium
These options offer the highest ratio of implied volatility (IV) relative to historical volatility (HV). Sell iron condors, straddles, or strangles.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|HRL/38/38|\-7.68|3.19|3.19|0.0|85.6|
|DG/205/195|\-12.46|3.19|3.02|0.0|91.9|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAP/112/110|\-16.11|2.97|3.0|0.0|94.9|
|AMBA/81/79|25.11|2.97|2.94|0.0|93.3|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|FIVE/175/170|\-18.53|2.71|2.71|7.0|94.0|
|HPQ/31/31|5.28|2.7|2.7|0.0|96.5|
## Most Efficient
These underlyings have the best liquidity and offer the least slippage, tightest spreads and the cheapest cost of a round trip trade. Scalp or swing trade these directionally.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|QQQ/354/346|14.06|1.02|0.98|0.0|99.2|
|GOOGL/124/122|18.75|0.93|0.98|55.0|98.8|
|AMZN/122/120|19.09|1.0|1.02|57.0|98.7|
|CRM/220/210|13.67|3.01|3.03|0.0|98.7|
|AAPL/180/175|8.76|0.77|0.77|0.0|98.6|
|GOOG/125/123|18.37|0.89|0.92|55.0|98.5|
|SHOP/60/58|15.32|0.83|0.82|0.0|98.4|
|DVN/46/46|\-14.06|0.95|1.03|0.0|98.3|
|TQQQ/35/35|34.32|0.99|0.99|0.0|98.2|
|TSLA/205/195|21.4|1.03|1.08|49.0|98.2|
## Upcoming Earnings
These are high risk high reward option plays where you can buy or sell the expected move.
|Stock/C/P|Direction|Put Premium|Call Premium|E.R.|Efficiency|
|:-|:-|:-|:-|:-|:-|
|CHWY/30/30|\-10.33|2.4|2.48|0.5|97.5|
|AI/38/38|89.22|3.46|3.35|0.5|95.3|
|MDB/295/285|23.97|2.1|2.13|0.5|97.1|
|LULU/340/330|\-13.71|2.54|2.57|1.0|97.1|
|NTAP/70/68|10.66|2.68|2.54|1.0|89.9|
|RH/250/245|\-2.68|0.94|0.98|1.0|84.8|
|OKTA/89/87|21.52|2.69|2.74|1.0|97.0|
|CRWD/160/150|24.12|2.64|2.66|1.0|97.5|
|DELL/48/48|11.27|2.65|2.65|2.0|92.4|
|AVGO/880/850|47.37|3.56|3.7|2.0|93.6|
* **Historical Move v Implied Move:** We determine the historical volatility (log variance of daily gains) of the underlying asset (HV) and compare that to the current implied volatitlity (IV) of the option price. This is used to determine the Call or Put Premium.
* **Expiration:** 2023-06-02.
* **Call/Put Pricing:** How much extra you are paying for IV relative to HV. Low numbers mean "cheaper." High numbers mean "expensive." A 1 means "fairly" priced.
* **Efficiency:** This the bid/ask spreads and the depth of the order book relative to the price and approximates the cost of a round trip trade. Lower numbers are less efficient than higher numbers.
* **E.R.:** Days unitl the next Earnings Release.
* **Direction:** This ranges from -100 (bearish) to +100 (bullish). It accounts for RSI, trend, moving averages and put/call skew over the past 4 weeks.
* **Why isn't my stock on this list?** It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.
* **How should this be improved?** Do you have any suggestions or notice any bugs with this report?

ULTA too

Not ULTA. Lol

I’m long EL and ULTA. BUying SBUX Tuesday