Unpacking the Latest Options Trading Trends in RH

Deep-pocketed investors have adopted a bearish 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 10 extraordinary options activities for RH. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 30% leaning bullish and 60% bearish. Among these notable options, 2 are puts, totaling $51,000, and 8 are calls, amounting to $492,950.

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 $240.0 to $320.0 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 143.5 with a total volume of 259.00.

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 $240.0 to $320.0 over the last 30 days.

RH Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Present Market Standing of RH

• Trading volume stands at 953,548, with RH's price down by -0.07%, positioned at $243.42.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 6 days.

What The Experts Say On RH

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $394.4.

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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 Citigroup persists with their Buy rating on RH, maintaining a target price of $437. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on RH with a target price of $410. * An analyst from Guggenheim persists with their Buy rating on RH, maintaining a target price of $500. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for RH, targeting a price of $375. * An analyst from UBS persists with their Neutral rating on RH, maintaining a target price of $250.

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