If you haven`t sold the top on RH, for that fantastic 12.75X gain in the options chain: nor bought the dip here:
Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week, I would consider purchasing the 310usd strike price in the money Puts with an expiration date of 2024-3-28, for a premium of approximately $21.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
RH went down to $275.53 before the earnings report. The puts were profitable, but I hadn't monitored the options chain back then.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.