Whales with a lot of money to spend have taken a noticeably bearish stance on Home Depot.
Looking at options history for Home Depot HD we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 8% of the investors opened trades with bullish expectations and 83% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $116,912 and 9, calls, for a total amount of $504,050.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $365.0 for Home Depot during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Home Depot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Home Depot's substantial trades, within a strike price spectrum from $300.0 to $365.0 over the preceding 30 days.
Home Depot Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | CALL | TRADE | BEARISH | 07/19/24 | $3.5 | $3.25 | $3.3 | $365.00 | $115.5K | 1.5K | 72 |
| HD | CALL | TRADE | BEARISH | 07/19/24 | $5.7 | $5.25 | $5.25 | $360.00 | $109.2K | 2.4K | 899 |
| HD | CALL | TRADE | BULLISH | 08/16/24 | $29.75 | $29.75 | $29.75 | $330.00 | $77.3K | 368 | 26 |
| HD | CALL | SWEEP | BEARISH | 08/02/24 | $8.2 | $8.0 | $8.0 | $360.00 | $50.4K | 956 | 15 |
| HD | PUT | SWEEP | NEUTRAL | 07/05/24 | $3.1 | $2.88 | $2.88 | $345.00 | $42.9K | 489 | 10 |
About Home Depot
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
Having examined the options trading patterns of Home Depot, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Home Depot Standing Right Now?
- With a volume of 895,082, the price of HD is down -1.05% at $350.16.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 54 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Home Depot options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
