Investors with a lot of money to spend have taken a bearish 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 11 uncommon options trades for Home Depot.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $197,223, and 6 are calls, for a total amount of $234,420.
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 $445.0 for Home Depot during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Home Depot's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Home Depot's whale trades within a strike price range from $280.0 to $445.0 in 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 | CALL | TRADE | BEARISH | 03/21/25 | $10.45 | $9.75 | $10.0 | $440.00 | $56.0K | 184 | 138 |
| HD | PUT | TRADE | BEARISH | 03/21/25 | $17.05 | $16.8 | $17.0 | $380.00 | $52.7K | 701 | 96 |
| HD | PUT | TRADE | BEARISH | 01/16/26 | $34.8 | $34.35 | $34.8 | $390.00 | $52.2K | 63 | 21 |
| HD | CALL | SWEEP | BULLISH | 05/16/25 | $24.15 | $24.0 | $24.15 | $410.00 | $43.4K | 76 | 18 |
| HD | CALL | SWEEP | BULLISH | 01/16/26 | $26.5 | $25.65 | $26.5 | $445.00 | $39.7K | 3 | 20 |
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 Redi Carpet added multifamily flooring, while the recent tie-up with SRS will help grow professional demand.
Present Market Standing of Home Depot
- With a trading volume of 920,931, the price of HD is down by -0.41%, reaching $391.0.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 8 days from now.
Professional Analyst Ratings for Home Depot
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $457.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Morgan Stanley persists with their Overweight rating on Home Depot, maintaining a target price of $450. * Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Home Depot with a target price of $460. * Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on Home Depot with a target price of $466. * An analyst from Loop Capital upgraded its action to Buy with a price target of $460. * In a cautious move, an analyst from Bernstein downgraded its rating to Market Perform, setting a price target of $451.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Home Depot with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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