Stocks pulled back sharply from their premarket gains. The Nasdaq Composite (IXIC) turned a triple-digit lead into an 40-point deficit, while the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are inching just below fair value -- the blue chip index flirting with a seventh consecutive daily loss. At this point, all three major benchmarks are pointed toward weekly losses, with the SPX headed for its worst week in four. 

Options traders are targeting soaring RH (NYSE: RH) today, as the stock surges to nearly three-year highs on improved sales guidance. So far, 22,000 calls and 15,000 puts have crossed the tape, which is already 12 times the average daily options volume. The December 500-strike call is the most popular, with new positions being sold to open. At last look, RH was up 13% at $430.91, headed for its best daily pop since September.

Soundhound Ai Inc (Nasdaq: SOUN) hit two-year high of $16.20 today, and was last seen up 15.8% at $15.83. The company's tech is being rapidly adopted, and the shares are up 240% since just the start of the quarter. Year to date, the equity is up a whopping 646.4%. 

Elsewhere, shares of Under Armour Inc (NYSE: UAA) are down 6.5% at $8.96 at last look, after a downgrade from Needham to "hold," though TD Cowen raised its price target by $1 to $11. The company yesterday unveiled its strategic plan for growth. Since the start of the year, UAA is holding on to a slim 1.4% lead. 

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