Investors with a lot of money to spend have taken a bullish stance on Home Depot HD.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HD, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Home Depot.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 35%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $179,097, and 10 are calls, for a total amount of $759,456.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $445.0 for Home Depot over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Home Depot's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Home Depot's significant trades, within a strike price range of $300.0 to $445.0, over the past month.
Home Depot Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | CALL | SWEEP | BEARISH | 01/17/25 | $6.65 | $6.6 | $6.6 | $420.00 | $416.3K | 1.6K | 631 |
| HD | PUT | SWEEP | BEARISH | 05/16/25 | $15.4 | $15.35 | $15.4 | $395.00 | $66.2K | 147 | 87 |
| HD | CALL | SWEEP | BEARISH | 01/17/25 | $13.35 | $12.3 | $13.0 | $405.00 | $58.5K | 419 | 5 |
| HD | CALL | TRADE | BULLISH | 05/16/25 | $116.0 | $113.3 | $115.42 | $300.00 | $57.7K | 11 | 10 |
| HD | CALL | TRADE | BULLISH | 01/16/26 | $50.0 | $49.5 | $50.0 | $400.00 | $50.0K | 477 | 11 |
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 US, 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 Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The additions of the Company Store brought textiles to the lineup, and the recent tie-up with SRS will help grow professional demand in roofing, pool and landscaping projects.
Following our analysis of the options activities associated with Home Depot, we pivot to a closer look at the company's own performance.
Present Market Standing of Home Depot
- Currently trading with a volume of 836,219, the HD's price is down by -0.29%, now at $409.5.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 63 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
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