RH Unusual Options Activity

Financial giants have made a conspicuous bullish move on RH. Our analysis of options history for RH RH revealed 18 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $706,530, and 10 were calls, valued at $1,050,695.

Latest Startup Investment Opportunities:

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $580.0 for RH, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of RH stands at 259.79, with a total volume reaching 1,227.00. 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 $155.0 to $580.0, throughout the last 30 days.

RH Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with RH, we pivot to a closer look at the company's own performance.

Present Market Standing of RH

• Currently trading with a volume of 357,734, the RH's price is down by -2.14%, now at $285.24.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 85 days.

Professional Analyst Ratings for RH

In the last month, 5 experts released ratings on this stock with an average target price of $300.4.

• Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for RH, targeting a price of $285.
• Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for RH, targeting a price of $325.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for RH, targeting a price of $290.
• An analyst from Barclays has decided to maintain their Equal-Weight rating on RH, which currently sits at a price target of $293.
• An analyst from B of A Securities persists with their Buy rating on RH, maintaining a target price of $309.

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.