Common Cents sold its November 20 $90 call option as RH's share price increased due its quarterly earnings release. The options, which were purchased for $7, were sold for $9. Common Cents earned a return of 78% versus an approximate 5% increase in RH's share price. Bingo!
Going forward, Common Cents will look to sell some shares of RH if the share price increases to near $105. Further purchases of options will likely be suspended until after the fed interest rate decision in mid September.
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