Option Strategies: RH
Hello everyone! Today i want to share some trading ideas with you!
1.
Anyone brave enough to write puts on $RH(RH)$ heading into earnings today? Expected move is ~13% with a very high IV of ~260%.
This stock has been killed off so much from ATH. Would like to write the 75 put strike for Dec 19 expiration, but there is no premium. May take a 110/105 put credit spread instead.
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2.
Wasn't too sure how $RH(RH)$ would report for earnings, but was leaning to the downside, so wrote a conservative put credit spread instead of writing naked puts. Also wrote a naked call ... don't see RH hitting 230 on good earnings.
Hindsight is obviously 20/20, but should have just written the put straight up with no hedge. Gave up lots of premium on the credit spread trade. Oh well.
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Will close out this trade tomorrow and capture around $250(ish) in profit! 🤑
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