Deep-pocketed investors have adopted a bearish approach towards Home Depot HD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Home Depot. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 50% bearish. Among these notable options, 21 are puts, totaling $3,241,482, and 9 are calls, amounting to $331,783.
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 $260.0 to $435.0 for Home Depot during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Home Depot stands at 472.9, with a total volume reaching 3,277.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Home Depot, situated within the strike price corridor from $260.0 to $435.0, throughout the last 30 days.
Home Depot Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | PUT | TRADE | BULLISH | 04/17/25 | $5.1 | $4.7 | $4.8 | $350.00 | $2.1M | 243 | 594 |
| HD | PUT | TRADE | BEARISH | 09/19/25 | $26.2 | $24.6 | $25.65 | $380.00 | $215.4K | 638 | 119 |
| HD | PUT | SWEEP | BULLISH | 04/17/25 | $5.1 | $4.95 | $4.95 | $350.00 | $212.8K | 243 | 433 |
| HD | CALL | TRADE | BULLISH | 02/28/25 | $8.4 | $7.65 | $8.15 | $385.00 | $81.5K | 111 | 42 |
| HD | PUT | SWEEP | BULLISH | 04/17/25 | $4.85 | $4.8 | $4.85 | $350.00 | $78.1K | 243 | 433 |
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.
After a thorough review of the options trading surrounding Home Depot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Home Depot
- Trading volume stands at 1,935,687, with HD's price down by -0.67%, positioned at $382.72.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 1 days.
What Analysts Are Saying About Home Depot
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $461.75.
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. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Home Depot with a target price of $450. * An analyst from Truist Securities persists with their Buy rating on Home Depot, maintaining a target price of $467. * An analyst from JP Morgan has decided to maintain their Overweight rating on Home Depot, which currently sits at a price target of $475. * An analyst from Telsey Advisory Group persists with their Outperform rating on Home Depot, maintaining a target price of $455.
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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