Smart Money Is Betting Big In RH Options

Benzinga's options scanner has just identified more than 11 option transactions on RH RH, with a cumulative value of $523,060. Concurrently, our algorithms picked up 4 puts, worth a total of 155,300.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $310.0 for RH over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for RH options trades today is 110.5 with a total volume of 466.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for RH's big money trades within a strike price range of $250.0 to $310.0 over the last 30 days.

RH Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RH CALL SWEEP BULLISH 05/17/24 $310.00 $113.4K 362 125
RH CALL SWEEP BULLISH 03/15/24 $275.00 $88.7K 14 4
RH CALL SWEEP BULLISH 05/17/24 $250.00 $72.0K 224 69
RH PUT TRADE BULLISH 04/19/24 $270.00 $51.2K 5 24
RH PUT TRADE BULLISH 04/19/24 $260.00 $44.1K 62 25

About RH

RH is a luxury retailer operating in the $143 billion domestic furniture and home furnishing industry. The firm offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and is growing the presence of its hospitality business (with 15 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade with its World of RH digital platform (highlighting offerings outside of home furnishings), along with future offerings in color, bespoke furniture, architeture, media, and more.

Current Position of RH

  • Currently trading with a volume of 239,360, the RH's price is up by 0.74%, now at $255.92.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 29 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for RH, Benzinga Pro gives you real-time options trades alerts.

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Edge Rankings
Momentum
9.90
Growth
29.74
Quality
Not Available
Value
23.60
Price Trend
Short
Medium
Long
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