Restoration Hardware (RH) – RH Whale Trades For August 09

 

A bullish stance is taken by someone who has a lot money. RH RH.

Retail traders should be aware.

This was evident today, when the large position appeared in publicly available options history, which is tracked here at Benzinga.

We don’t know whether this is an institution or a wealthy individual. However, when RH is involved in something so significant, it often means that someone knows what’s about to happen.

How can we find out the identity of this whale?

Today, BenzingaThe options scanner detected 10 unusual trades in RH.

This is not the normal.

These big-money traders are split between bearish and bullish in their overall sentiment.

Out of all the options we found, 3 are for $263620 and 7 are for $216686.

What is the price target for this product?

Based on the Volume of these contracts as well as the Open Interest, it seems that whales have been targeting prices between $240.0-$30.0 per h over the last three months.

Volume and Open Interest Development

Today’s RH options trades have a mean open interest of 271.0. The total volume stands at 349.00

The following chart shows the evolution in volume and open interests in call and puts options for RH big-money trades with strike prices of $240.0 and $30.0 over the past 30 Days.

RH Options Volume and Open Interest in the Last 30 days

The Best Options

 

SymbolPUT/CALLTypes of tradeSentimentExp. DateStrike PriceTotal Trade PriceOpen InterestVolume
RHPUTSWEEPBEARISH11/18/22$250.00$193.0K156111
RHCALLTRADEBEARISH09/16/22$240.00$40.7K13
RHCALLSWEEPBULLISH11/18/22$250.00$36.5K4162
RHPUTSWEEPBEARISH08/19/22$260.00$36.1K718127
RHPUTTRADEBULLISH08/19/22$300.00$34.5K21315

Where is RH at the moment?

  • RH’s price is now $280, with a volume of 407 071.
  • The RSI indicators indicate that the underlying stocks could be approaching overbought.
  • The next earnings will be published in 29 Days.

Options trading stocks is more risky than options trading, but they offer greater potential for profit. Options traders who have serious intent can mitigate this risk by being educated, scaling down and up trades, following multiple indicators and closely following the markets.

Keep up-to-date with the latest options trades for RH Benzinga ProAlerts for real time options trades

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Restoration Hardware (RH) – RH Whale Trades For August 09

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