This Is What Whales Are Betting On RH

Investors with a lot of money to spend have taken a bullish 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 8 uncommon options trades for RH.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $167,309, and 4 are calls, for a total amount of $151,280.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $310.0 to $520.0 for RH over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for RH options trades today is 33.88 with a total volume of 208.00.

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 $310.0 to $520.0 over the last 30 days.

RH 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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 19 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 bespoke furniture, architecture, 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.

Current Position of RH

• With a trading volume of 133,668, the price of RH is down by -0.3%, reaching $405.78.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 89 days from now.

Professional Analyst Ratings for RH

In the last month, 5 experts released ratings on this stock with an average target price of $438.0.

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. * An analyst from Loop Capital persists with their Hold rating on RH, maintaining a target price of $450. * An analyst from Baird persists with their Neutral rating on RH, maintaining a target price of $400. * An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on RH, which currently sits at a price target of $480. * An analyst from Morgan Stanley persists with their Equal-Weight rating on RH, maintaining a target price of $435. * An analyst from Guggenheim has revised its rating downward to Buy, adjusting the price target to $425.

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.