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Thursday, December 3, 2015
RH: Purchase @ "92.5"
Common Cents purchased a January 15 $85 call option for $7.5 as RH's share price decreased during a market-wide selloff. No pertinent news was released that warranted the magnitude of intraday decline in RH's share price. Going forward, Common Cents will look to sell the option above $8. The earnings release on December 9 will likely serve as a catalyst for rapid growth in RH's share price, as has been the case over the last several quarters.
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