Financial giants have made a conspicuous bearish move on RH. Our analysis of options history for RH RH revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $161,689, and 5 were calls, valued at $149,480.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $265.0 to $290.0 for RH during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for RH options trades today is 81.0 with a total volume of 330.00.
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 $265.0 to $290.0 over the last 30 days.
RH Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | PUT | SWEEP | BEARISH | 03/15/24 | $265.00 | $47.4K | 31 | 0 |
| RH | CALL | TRADE | BULLISH | 05/17/24 | $290.00 | $38.0K | 103 | 62 |
| RH | CALL | TRADE | BEARISH | 05/17/24 | $290.00 | $31.8K | 103 | 29 |
| RH | PUT | TRADE | BULLISH | 04/19/24 | $280.00 | $30.8K | 114 | 17 |
| RH | PUT | TRADE | BEARISH | 04/19/24 | $280.00 | $29.9K | 114 | 47 |
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 238,106, the RH's price is up by 1.31%, now at $280.6.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 16 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest RH options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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