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David Bartosiak's Restoration Hardware Trade

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David Bartosiak of Zacks.com suggested on Bloomberg Markets a bullish options strategy in Restoration Hardware Holdings Inc (NYSE: RH).

The stock declined around 63 percent in one year because of supply chain troubles, but Bartosiak believes the company has managed to solve its problems and he expects to see a good quarter on September 8. He believes in the CEO and he wants to buy a call spread in the name. He is a buyer of the September 34/38 call spread for $1.40. The call spread starts to make money above $35.40 and it can maximally make a profit of $2.60.

 

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Posted-In: Bloomberg Markets David Bartosiak Zacks.comOptions Markets Media

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