David Bartosiak of Zacks.com suggested on Bloomberg Markets a bullish options strategy in Restoration Hardware Holdings Inc RH.
The stock declined around 63 percent in one year because of supply chain troubles, but Bartosiak believes the company has managed to solve its problems and he expects to see a good quarter on September 8. He believes in the CEO and he wants to buy a call spread in the name. He is a buyer of the September 34/38 call spread for $1.40. The call spread starts to make money above $35.40 and it can maximally make a profit of $2.60.
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