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 11 extraordinary options activities for RH. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 27% bearish. Among these notable options, 3 are puts, totaling $79,538, and 8 are calls, amounting to $316,700.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $390.0 for RH, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for RH options trades today is 252.57 with a total volume of 162.00.
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 $390.0 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 | CALL | TRADE | BULLISH | 01/17/25 | $30.1 | $29.1 | $29.8 | $230.00 | $50.6K | 44 | 9 |
| RH | CALL | TRADE | BULLISH | 01/17/25 | $26.6 | $25.2 | $26.3 | $240.00 | $42.0K | 1.1K | 9 |
| RH | CALL | TRADE | BULLISH | 07/26/24 | $8.6 | $7.8 | $8.29 | $225.00 | $41.4K | 166 | 26 |
| RH | CALL | TRADE | BULLISH | 01/16/26 | $45.1 | $40.5 | $43.6 | $270.00 | $39.2K | 108 | 0 |
| RH | CALL | TRADE | BULLISH | 07/26/24 | $8.7 | $7.7 | $8.6 | $225.00 | $38.7K | 166 | 76 |
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 17 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
Current Position of RH
- Trading volume stands at 480,403, with RH's price down by -0.08%, positioned at $223.11.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 72 days.
What Analysts Are Saying About RH
In the last month, 5 experts released ratings on this stock with an average target price of $302.2.
- An analyst from Wells Fargo persists with their Overweight rating on RH, maintaining a target price of $350.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for RH, targeting a price of $290.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for RH, targeting a price of $320.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for RH, targeting a price of $226.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for RH, targeting a price of $325.
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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