Whales with a lot of money to spend have taken a noticeably bearish stance on RH.
Looking at options history for RH RH we detected 54 trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 24 are puts, for a total amount of $1,227,936 and 30, calls, for a total amount of $2,077,134.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $380.0 for RH over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for RH options trades today is 200.94 with a total volume of 8,703.00.
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 $180.0 to $380.0 over the last 30 days.
RH Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | CALL | SWEEP | BEARISH | 04/05/24 | $305.00 | $360.0K | 25 | 260 |
| RH | CALL | SWEEP | BULLISH | 04/05/24 | $305.00 | $180.0K | 25 | 993 |
| RH | PUT | SWEEP | BULLISH | 03/28/24 | $290.00 | $174.0K | 91 | 7 |
| RH | CALL | SWEEP | NEUTRAL | 04/19/24 | $280.00 | $167.8K | 156 | 14 |
| RH | CALL | SWEEP | BEARISH | 04/05/24 | $305.00 | $148.7K | 25 | 771 |
About RH
RH is a luxury retailer operating in the $143 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 15 restaurant locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). RH is fully integrated across store, Web, and catalog channels, and is positioned to broaden its total addressable market over the next decade 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.
In light of the recent options history for RH, it's now appropriate to focus on the company itself. We aim to explore its current performance.
RH's Current Market Status
- Trading volume stands at 674,549, with RH's price up by 2.91%, positioned at $294.6.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 0 days.
What Analysts Are Saying About RH
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $280.0.
- An analyst from Telsey Advisory Group downgraded its action to Market Perform with a price target of $285.
- An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $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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