This Is What Whales Are Betting On RH

Investors with a lot of money to spend have taken a bearish stance on RH RH.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RH, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 22 uncommon options trades for RH.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 59%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $727,423, and 9 are calls, for a total amount of $623,470.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $310.0 to $450.0 for RH during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for RH's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of RH's whale activity within a strike price range from $310.0 to $450.0 in the last 30 days.

RH Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About RH

RH is a luxury furniture and lifestyle 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, and children and is growing the presence of its hospitality business with 18 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 addressable market over the next decade by expanding abroad, with its World of RH digital platform (highlighting offerings outside of home furnishings), and with offerings in color, bespoke furniture, architecture, media, and more.

RH's Current Market Status

• With a trading volume of 504,049, the price of RH is down by -2.24%, reaching $390.0.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 0 days from now.

Expert Opinions on RH

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $391.6666666666667.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Guggenheim lowers its rating to Buy with a new price target of $425. * In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $420. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on RH with a target price of $330.

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.