A whale with a lot of money to spend has taken a noticeably bearish stance on RH.
Looking at options history for RH RH we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 13% of the investors opened trades with bullish expectations and 86% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $636,300 and 10, calls, for a total amount of $430,377.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $190.0 to $340.0 for RH over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for RH options trades today is 110.79 with a total volume of 1,308.00.
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 $190.0 to $340.0 over the last 30 days.
RH Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | PUT | TRADE | BEARISH | 11/18/22 | $260.00 | $76.4K | 221 | 32 |
| RH | CALL | SWEEP | NEUTRAL | 01/20/23 | $310.00 | $74.9K | 72 | 51 |
| RH | PUT | TRADE | BEARISH | 11/18/22 | $250.00 | $66.1K | 276 | 97 |
| RH | PUT | TRADE | BEARISH | 11/18/22 | $250.00 | $64.4K | 276 | 39 |
| RH | PUT | TRADE | BEARISH | 01/20/23 | $240.00 | $60.0K | 150 | 24 |
Where Is RH Standing Right Now?
- With a volume of 427,709, the price of RH is down -4.95% at $252.67.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 78 days.
What The Experts Say On RH:
- Jefferies has decided to maintain their Buy rating on RH, which currently sits at a price target of $375.
- JP Morgan has decided to maintain their Overweight rating on RH, which currently sits at a price target of $325.
- Morgan Stanley has decided to maintain their Equal-Weight rating on RH, which currently sits at a price target of $325.
- Telsey Advisory Group has decided to maintain their Outperform rating on RH, which currently sits at a price target of $315.
- Barclays has decided to maintain their Overweight rating on RH, which currently sits at a price target of $328.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for RH, Benzinga Pro gives you real-time options trades 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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