Options Insight: How to Play Ulta Salon

The transcript discusses the market's reaction to Janet Yellen's speech, which hinted at a potential rate hike. Despite this, stocks remained stable, and bond yields increased. The discussion then shifts to options activity, noting low volume due to the holiday weekend. The focus moves to Ulta's strong earnings report, with an explanation of a put spread strategy involving Ulta's stock. The strategy aims to capitalize on the stock's stability or potential rise, while managing risk through buying and selling put options.

How did the speaker feel about the bond yields and their impact on the market?

What was the general sentiment regarding the economy as discussed in the text?

What specific options activity was mentioned in relation to the SP?

What was the performance of Ulta as described in the text?

What strategy did the speaker discuss regarding shorting a put spread?