Schaeffers Investment Research·2025-09-26 14:50Group 1: Market Reaction to Tariffs - Wayfair Inc (NYSE:W) shares are responding positively to President Trump's tariff updates, with a 50% levy on kitchen cabinets and bathroom vanities and a 30% tariff on upholstered furniture [1] - RH (NYSE:RH) shares are experiencing a decline due to the same tariff announcements, indicating a negative market sentiment towards the company [1] Group 2: Stock Performance - Wayfair's stock is up 0.9% to $85.71, reversing previous losses and showing a 92.3% year-to-date gain, while testing support around the $80 level after a high of $91.77 on September 11 [2] - RH's stock is down 2.6% to $205.80, marking its third consecutive loss and a 47.4% deficit for 2025, with support at $200 potentially containing further losses [3] Group 3: Options Trading Activity - Options traders are leaning bearish on Wayfair, as indicated by a high Schaeffer's put/call open interest ratio in the 86th percentile [2] - For RH, options activity shows a significant bearish sentiment with 5,973 puts traded, which is double the typical volume, indicating expectations of further downside [4]