Whales with a lot of money to spend have taken a noticeably bearish stance on RH.
Looking at options history for RH RH we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $77,140 and 5, calls, for a total amount of $213,100.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $300.0 for RH, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of RH stands at 103.0, with a total volume reaching 118.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in RH, situated within the strike price corridor from $200.0 to $300.0, throughout the last 30 days.
RH 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | CALL | TRADE | BEARISH | 01/17/25 | $200.00 | $56.4K | 44 | 5 |
| RH | CALL | TRADE | BULLISH | 01/16/26 | $300.00 | $44.2K | 435 | 5 |
| RH | CALL | TRADE | BULLISH | 01/16/26 | $300.00 | $44.0K | 435 | 5 |
| RH | CALL | TRADE | BEARISH | 01/16/26 | $300.00 | $42.5K | 435 | 15 |
| RH | PUT | TRADE | NEUTRAL | 04/12/24 | $300.00 | $26.1K | 11 | 10 |
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.
Having examined the options trading patterns of RH, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is RH Standing Right Now?
- Trading volume stands at 131,629, with RH's price down by -0.28%, positioned at $291.0.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 12 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for RH with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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