Investors with a lot of money to spend have taken a bullish stance on RH RH.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RH, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 31 uncommon options trades for RH.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 38%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,064,465, and 22 are calls, for a total amount of $1,347,004.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $500.0 for RH during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for RH options trades today is 209.48 with a total volume of 1,586.00.
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 $200.0 to $500.0 over the last 30 days.
RH 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RH | PUT | TRADE | BEARISH | 06/21/24 | $24.0 | $22.8 | $23.6 | $280.00 | $236.0K | 359 | 103 |
| RH | PUT | TRADE | BEARISH | 01/17/25 | $13.6 | $13.2 | $13.5 | $200.00 | $202.5K | 668 | 150 |
| RH | PUT | TRADE | BULLISH | 06/21/24 | $18.9 | $18.4 | $18.42 | $270.00 | $184.2K | 321 | 125 |
| RH | CALL | SWEEP | BEARISH | 05/03/24 | $29.5 | $28.0 | $28.0 | $245.00 | $159.6K | 243 | 57 |
| RH | PUT | SWEEP | BULLISH | 06/21/24 | $23.8 | $21.4 | $22.3 | $280.00 | $156.1K | 359 | 0 |
About RH
RH is a luxury retailer operating in the $134 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 16 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Modern and Waterworks, for example). RH is fully integrated across channels, and is positioned to broaden its total addressable market over the next decade by expanding abroad, and 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.
Following our analysis of the options activities associated with RH, we pivot to a closer look at the company's own performance.
Current Position of RH
- With a volume of 935,523, the price of RH is up 4.98% at $275.05.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 20 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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