Financial giants have made a conspicuous bullish move on RH. Our analysis of options history for RH RH revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $118,264, and 5 were calls, valued at $165,225.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $185.0 to $270.0 for RH over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of RH stands at 435.6, with a total volume reaching 173.00. 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 $185.0 to $270.0, throughout the last 30 days.
RH Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RH | PUT | SWEEP | BEARISH | 01/17/25 | $59.2 | $56.8 | $56.8 | $260.00 | $56.8K | 242 | 0 |
| RH | CALL | SWEEP | BEARISH | 07/19/24 | $11.3 | $10.7 | $11.0 | $220.00 | $51.7K | 84 | 82 |
| RH | PUT | TRADE | NEUTRAL | 06/21/24 | $38.1 | $31.2 | $35.26 | $250.00 | $31.7K | 529 | 0 |
| RH | PUT | TRADE | BULLISH | 07/19/24 | $51.5 | $48.4 | $49.55 | $270.00 | $29.7K | 1.3K | 6 |
| RH | CALL | TRADE | BULLISH | 01/17/25 | $58.2 | $56.1 | $57.85 | $185.00 | $28.9K | 12 | 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.
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.
RH's Current Market Status
- Currently trading with a volume of 138,051, the RH's price is up by 0.86%, now at $219.71.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 76 days.
Professional Analyst Ratings for RH
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $266.2.
- An analyst from Loop Capital has decided to maintain their Hold rating on RH, which currently sits at a price target of $230.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Sell rating on RH with a target price of $226.
- Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for RH, targeting a price of $250.
- An analyst from Wells Fargo persists with their Overweight rating on RH, maintaining a target price of $350.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on RH with a target price of $275.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest RH options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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