A bearish market position is taken by someone who has a lot of money RH RH.
Retail traders should be aware.
This was evident today when large positions appeared on publicly available options histories, which we track here in Benzinga.
We don’t know whether this is an institution or a wealthy individual. RH can signify that someone is aware that something is about to happen when it does.
How can we find out the identity of this whale?
Today, BenzingaThe options scanner identified 20 trades that were not standard for RH.
This isn’t the norm.
These big-money traders are divided between 45% bullish and 55% bearish sentiments.
8 of the options we found were calls for $440980 and 12 calls for 412310.
What is the price target?
Based on the Volume and Open Interest, it seems that whales have been targeting prices between $250.0 and $350.0 per head over the past 3 months.
Volume and Open Interest Development
Today’s RH options trades have a mean open interest of 199.4, with a total volume at 2,378.00.
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 $280.0 to $350.0 over 30 days.
Volume and open interest for RH Options in the last 30 Days
The Best Options Found:
| Symbol | PUT/CALL | Types of trade | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | PUT | TRADE | NEUTRAL | 11/18/22 | $300.00 | $176.8K | 495 | 31 |
| RH | CALL | TRADE | NEUTRAL | 01/19/24 | $280.00 | $90.0K | 33 | 10 |
| RH | PUT | TRADE | BEARISH | 11/18/22 | $300.00 | $49.7K | 495 | 170 |
| RH | CALL | TRADE | BULLISH | 09/16/22 | $330.00 | $43.0K | 415 | 359 |
| RH | CALL | TRADE | BULLISH | 09/16/22 | $330.00 | $41.5K | 415 | 459 |
| Symbol | PUT/CALL | Type of Trade | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RH | PUT | TRADE | NEUTRAL | 11/18/22 | $300.00 | $176.8K | 495 | 31 |
| RH | CALL | TRADE | NEUTRAL | 01/19/24 | $280.00 | $90.0K | 33 | 10 |
| RH | PUT | TRADE | BEARISH | 11/18/22 | $300.00 | $49.7K | 495 | 170 |
| RH | CALL | TRADE | BULLISH | 09/16/22 | $330.00 | $43.0K | 415 | 359 |
| RH | CALL | TRADE | BULLISH | 09/16/22 | $330.00 | $41.5K | 415 | 459 |
Where is RH Right Now
- With a volume at 283,591 units, RH’s price is up 0.3% to $293.45.
- The RSI indicators indicate that the underlying stocks could be approaching overbought.
- Next earnings are expected to be in 15 days.
Options trading stocks can be more risky than options, but they have higher potential for profit. This risk can be managed by options traders who are educated daily, monitor multiple indicators and scale in and out of trades.
You can stay up-to date with the latest options trades on RH. Benzinga ProAlerts for real-time alerts on options trades
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