This morning I bought another 100 shares of RH at $146.90. I really don’t like RH at this level but it’s moving very nicely. They seem to be dealing with the Chinese tariffs better than other companies. They get a lot of material for building furniture from China but they are finding other places to get the material without the tariffs.
Like I said, I really don’t like RH at this level but it’s moving a lot since I started writing this post. It’s now at $148.
Buy 100 Shares RH @ $146.90
I’ll try to get a good deal on a 1 contract Call today.
This is a Grasshopper trade. If I get a Call sold it will be a Grasshopper Covered Call.
Steve
The Option’s Coach