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Agree To Purchase Ulta Beauty At $155, Earn 8% Using Options

Investors considering a purchase of Ulta Beauty Inc (ULTA) stock, but cautious about paying the going market price of $234.54/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2022 put at the $155 strike, which has a bid at the time of this writing of $12.40..
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