Financial giants have made a conspicuous bullish move on Home Depot. Our analysis of options history for Home Depot HD revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $61,324, and 9 were calls, valued at $678,809.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $280.0 to $390.0 for Home Depot during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Home Depot options trades today is 547.0 with a total volume of 875.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Home Depot's big money trades within a strike price range of $280.0 to $390.0 over the last 30 days.
Home Depot Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | CALL | TRADE | BULLISH | 09/20/24 | $14.35 | $13.9 | $14.35 | $340.00 | $186.5K | 823 | 3 |
| HD | CALL | SWEEP | BEARISH | 09/20/24 | $12.85 | $12.7 | $12.7 | $340.00 | $184.1K | 823 | 153 |
| HD | CALL | TRADE | BULLISH | 01/17/25 | $63.9 | $62.0 | $63.9 | $280.00 | $70.2K | 156 | 0 |
| HD | CALL | SWEEP | BULLISH | 07/05/24 | $13.6 | $12.9 | $13.6 | $325.00 | $68.0K | 97 | 0 |
| HD | CALL | TRADE | NEUTRAL | 01/17/25 | $56.5 | $54.45 | $55.5 | $290.00 | $61.0K | 144 | 0 |
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.
Current Position of Home Depot
- Currently trading with a volume of 1,732,154, the HD's price is down by -0.29%, now at $333.99.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
What The Experts Say On Home Depot
1 market experts have recently issued ratings for this stock, with a consensus target price of $395.0.
- In a positive move, an analyst from DA Davidson has upgraded their rating to Buy and adjusted the price target to $395.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Home Depot, Benzinga Pro gives you real-time options trades alerts.
© 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.
