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Ulta Beauty call volume above normal and directionally bullish

Bullish option flow detected in Ulta Beauty with 4,932 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 24.16%. 2/9 weekly 530 calls and Feb-24 515 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.59. Earnings are expected on March 14th.

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