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.

No comments:

Post a Comment