Deep-pocketed investors have adopted a bullish approach towards RH RH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for RH. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 41% bearish. Among these notable options, 6 are puts, totaling $650,370, and 6 are calls, amounting to $409,270.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $220.0 to $350.0 for RH during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for RH options trades today is 95.67 with a total volume of 25.00.
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 $220.0 to $350.0 over the last 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 | PUT | TRADE | BEARISH | 07/12/24 | $22.0 | $16.5 | $21.5 | $285.00 | $494.5K | 0 | 0 |
| RH | CALL | SWEEP | BULLISH | 06/14/24 | $46.0 | $43.1 | $46.0 | $250.00 | $220.8K | 108 | 19 |
| RH | CALL | TRADE | BULLISH | 01/17/25 | $95.0 | $93.1 | $95.0 | $220.00 | $47.5K | 33 | 0 |
| RH | PUT | TRADE | NEUTRAL | 07/19/24 | $10.7 | $10.0 | $10.33 | $260.00 | $41.3K | 339 | 3 |
| RH | CALL | TRADE | BEARISH | 07/19/24 | $80.7 | $77.1 | $77.1 | $220.00 | $38.5K | 10 | 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.
Having examined the options trading patterns of RH, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
RH's Current Market Status
- Trading volume stands at 137,146, with RH's price up by 4.93%, positioned at $292.35.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 1 days.
Professional Analyst Ratings for RH
In the last month, 2 experts released ratings on this stock with an average target price of $320.0.
- An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $320.
- An analyst from Telsey Advisory Group persists with their Market Perform rating on RH, maintaining a target price of $320.
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.
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