Whales with a lot of money to spend have taken a noticeably bullish stance on RH.
Looking at options history for RH RH we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $70,450 and 8, calls, for a total amount of $322,273.
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 $240.0 and $325.0 for RH, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for RH's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of RH's whale activity within a strike price range from $240.0 to $325.0 in 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 | BULLISH | 04/19/24 | $270.00 | $57.9K | 102 | 11 |
| RH | CALL | SWEEP | BEARISH | 05/17/24 | $300.00 | $48.2K | 494 | 31 |
| RH | CALL | TRADE | BEARISH | 01/16/26 | $270.00 | $47.5K | 77 | 0 |
| RH | PUT | TRADE | NEUTRAL | 03/22/24 | $325.00 | $41.8K | 10 | 10 |
| RH | CALL | TRADE | BULLISH | 01/16/26 | $300.00 | $40.5K | 440 | 0 |
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
Present Market Standing of RH
- Currently trading with a volume of 367,885, the RH's price is down by -3.87%, now at $279.47.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 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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