Investors with a lot of money to spend have taken a bearish 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 11 uncommon options trades for RH.
This isn't normal.
The overall sentiment of these big-money traders is split between 9% bullish and 54%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $692,640, and 2 are calls, for a total amount of $241,236.
Expected Price Movements
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 $280.0 for RH, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in RH's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to RH's substantial trades, within a strike price spectrum from $200.0 to $280.0 over the preceding 30 days.
RH Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RH | CALL | TRADE | BEARISH | 05/17/24 | $25.4 | $22.5 | $23.08 | $265.00 | $212.3K | 279 | 93 |
| RH | PUT | TRADE | BEARISH | 09/20/24 | $6.5 | $5.7 | $6.35 | $200.00 | $188.5K | 124 | 3 |
| RH | PUT | TRADE | BEARISH | 06/21/24 | $7.2 | $5.9 | $6.8 | $240.00 | $133.9K | 512 | 4 |
| RH | PUT | SWEEP | BEARISH | 09/20/24 | $11.8 | $11.6 | $11.8 | $230.00 | $82.6K | 359 | 0 |
| RH | PUT | TRADE | BEARISH | 08/16/24 | $7.0 | $6.4 | $6.8 | $220.00 | $68.0K | 24 | 130 |
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.
After a thorough review of the options trading surrounding RH, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of RH
- With a trading volume of 138,307, the price of RH is up by 2.7%, reaching $286.29.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 14 days from now.
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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