Options Insight: Is It Time to Shop Ulta Salon?

The video discusses market patterns, focusing on the S&P 500's behavior and technical analysis using Fibonacci retracement and extension levels. It highlights the mixed performance of retail stocks during the earnings season. The speaker then delves into options trading strategies, particularly using an Iron Condor strategy with Ulta, explaining the potential risks and rewards.

What pattern is observed in the S&P 500 index according to the speaker?

• It remains stable throughout the month.

• It consistently rises every day.

• It only dips during the earnings season.

• It closes at a record high and then dips the next day.

What technical tool does the speaker use to analyze market trends?

• Moving Averages

• Bollinger Bands

• Fibonacci Retracement and Extension

• RSI Indicator

What is the expected price move for Ulta's stock based on earnings?

• 5%

• 10%

• 8%

• 12%

What options strategy does the speaker plan to use for Ulta's stock?

• Covered Call

• Iron Condor

• Straddle

• Butterfly Spread

What is the potential profit for the Iron Condor strategy if Ulta's stock stays within the specified range?

• $610

• $450

• $390

• $500