Consumer Discretionary Consumer Reference Data Updated 2026-05-31

ULTA Gamma Exposure, IV Rank & Implied Volatility

Ulta Beauty Inc. (ULTA) options data — GEX, IV rank, options chain & Greeks

ULTA options trade with implied volatility typically in the 22% - 55% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 35.6 /100
IV 31.1%
Simulated data for display · open live ULTA on the platform →

An IV rank near 35.6 (the value shown here is illustrative) would mean implied volatility is in roughly the 35.6th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live ULTA IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 22.84%43.88%

Chart shows simulated data for display purposes. View the real ULTA IV history on the live platform →

Comprehensive options market data for Ulta Beauty Inc.

ULTA Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 22% - 55%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
22% - 55%
Market Cap
$18B+
Weeklies
Yes

1 About Ulta Beauty Inc. (ULTA)

Ulta Beauty is the largest U.S. specialty beauty retailer, offering cosmetics, skincare, fragrance, and salon services. Its loyalty program has over 40 million active members.

Company Profile

Sector Consumer Discretionary
Industry Specialty Retail
Market Cap $18B+
Exchange NASDAQ

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End January

Ulta Beauty Inc. operates in the Consumer Discretionary sector.

2 ULTA Options Market Overview

ULTA options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

ULTA options are available for trading across multiple expirations.

3 ULTA Implied Volatility & IV Rank

ULTA implied volatility reflects consumer spending trends and competitive dynamics. IV patterns are influenced by earnings, sales data, and consumer sentiment.

Low IV Environment
22% - 30%
Below average volatility
Typical IV Range
30% - 46%
Normal conditions
Elevated IV
46% - 55%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short ULTA options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

ULTA IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View ULTA Volatility Lab

ULTA Gamma Exposure (GEX)

Gamma Exposure analysis for ULTA reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: ULTA tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live ULTA GEX

4 Common ULTA Options Strategies

These are strategies commonly used by traders on ULTA options, based on typical market characteristics. This is not investment advice.

Popular for ULTA shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on ULTA.

Range-bound strategy for ULTA between events.

Key Considerations for ULTA Options

  • ULTA options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: ULTA Options

What is ULTA's typical implied volatility?

ULTA implied volatility typically ranges from 22% - 55%.

Does ULTA have weekly options?

ULTA offers weekly options.

What is ULTA's options trading profile?

ULTA (Ulta Beauty Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 55% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.

How does ULTA implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on ULTA?

Popular strategies on ULTA options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 55% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is ULTA's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence ULTA's intraday price action. ULTA tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live ULTA GEX levels and the gamma-flip point on ApexVol.

What is ULTA's IV rank?

ULTA's IV rank shows where ULTA's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. ULTA implied volatility typically ranges from 22% - 55%. Check ULTA's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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