|From: singhtelecom (Rep: 971)||Date: 06/13/2018 00:00|
|Forum: RH - Restroration Hardware - Msg #197||Thread #674014939 (Rec: 0) |
|On June 5, Investitute’s tracking systems detected the purchase of 5,000 June $110 calls for $5.75 as part of a bullish spread with shares at $105.63. This was clearly a new position, as open interest in the strike was only 147 contracts before the trade occurred.|
Those calls sold for $50.76 today, about 9 times their purchase price. The stock surged 52.2% in the same time frame, a huge move but still nowhere near that of its options on a relative basis. Investitute co-founder Jon Najarian discussed winning trades in RH on CNBC’s “Halftime Report” this afternoon.
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