RH: Purchase @ "$96.80"

Common Cents purchased a November 20 $90 call option for $6.80 as RH's share price declined to near $92.50 on a market-wide pullback.  Common Cents will look to sell this option at a minimum of $7.50, which will require RH's share price to increase by up to 5.5% by November 20.

RH continues to report good earnings growth, and recent developments in the market do not indicate that RH's future prospects have decreased.  Therefore, Common Cents maintains that RH is still an attractive buy, particularly at the low $90's.