Financial giants have made a conspicuous bullish move on Home Depot. Our analysis of options history for Home Depot HD revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $387,519, and 10 were calls, valued at $560,032.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $410.0 for Home Depot, spanning the last three months.
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 $250.0 to $410.0 in the last 30 days.
Home Depot 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HD | PUT | SWEEP | BULLISH | 06/20/25 | $290.00 | $140.3K | 246 | 116 |
| HD | PUT | TRADE | BULLISH | 09/20/24 | $355.00 | $134.6K | 42 | 69 |
| HD | CALL | TRADE | BEARISH | 02/16/24 | $335.00 | $106.5K | 670 | 45 |
| HD | CALL | TRADE | NEUTRAL | 03/15/24 | $340.00 | $103.1K | 1.5K | 1 |
| HD | CALL | SWEEP | BULLISH | 09/20/24 | $375.00 | $66.6K | 42 | 46 |
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). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
In light of the recent options history for Home Depot, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Home Depot Standing Right Now?
- Trading volume stands at 1,048,507, with HD's price up by 0.18%, positioned at $357.75.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 20 days.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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