Whales with a lot of money to spend have taken a noticeably bullish stance on RH.
Looking at options history for RH (NYSE:RH) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $2,062,930 and 5, calls, for a total amount of $274,040.
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 $150.0 to $350.0 for RH during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $150.0 to $350.0 in the last 30 days.
RH 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
RH | PUT | TRADE | BULLISH | 01/16/26 | $13.3 | $12.3 | $12.4 | $150.00 | $992.0K | 330 | 800 |
RH | PUT | TRADE | BEARISH | 06/21/24 | $20.3 | $19.8 | $20.3 | $290.00 | $184.7K | 411 | 464 |
RH | PUT | TRADE | BEARISH | 06/21/24 | $20.8 | $20.1 | $20.8 | $290.00 | $160.1K | 411 | 675 |
RH | PUT | SWEEP | BEARISH | 06/21/24 | $20.7 | $19.9 | $20.7 | $290.00 | $157.3K | 411 | 540 |
RH | CALL | TRADE | NEUTRAL | 05/17/24 | $1.6 | $1.25 | $1.45 | $322.50 | $108.7K | 2.0K | 757 |
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 16 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…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…