Bearish flow noted in Restoration Hardware with 1,432 puts trading, or 1.8x expected. Most active are Nov-24 310 puts and Nov-24 337.5 calls, with total volume in those strikes near 540 contracts. The Put/Call Ratio is 1.80, while ATM IV is up over 3 points on the day. Earnings are expected on December 12th.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RH:
- Starbucks, Spotify downgraded: Wall Street’s top analyst calls
- Exane downgrades RH to Underperform on growing liquidity concerns
- RH downgraded to Underperform from Neutral at Exane BNP Paribas
- Boeing machinists announce proposal to end strike: Morning Buzz
- Wedbush upgrades RH on ‘building momentum’ in product transition