Unpacking the Latest Options Trading Trends in RH

Deep-pocketed investors have adopted a bearish approach towards RH RH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RH usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for RH. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 31% leaning bullish and 68% bearish. Among these notable options, 9 are puts, totaling $406,696, and 7 are calls, amounting to $272,911.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $500.0 for RH over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of RH stands at 293.0, with a total volume reaching 580.00. 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 $500.0, throughout the last 30 days.

RH 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

In light of the recent options history for RH, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of RH

• Trading volume stands at 473,624, with RH's price up by 1.1%, positioned at $301.65.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 49 days.

What The Experts Say On RH

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $319.0.

• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on RH with a target price of $360.
• An analyst from Barclays has decided to maintain their Equal-Weight rating on RH, which currently sits at a price target of $340.
• An analyst from Wedbush has decided to maintain their Neutral rating on RH, which currently sits at a price target of $320.
• An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $275.
• An analyst from Baird persists with their Neutral rating on RH, maintaining a target price of $300.

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.