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.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor 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