Looking At Home Depot's Recent Whale Trades

Looking At Home Depot's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Home Depot.

Looking at options history for Home Depot HD we detected 29 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $845,790 and 12, calls, for a total amount of $677,565.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $325.0 for Home Depot over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $195.0 to $325.0 in the last 30 days.

Home Depot Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HD PUT TRADE BEARISH 10/21/22 $280.00 $125.7K 2.3K 222
HD PUT SWEEP BEARISH 11/18/22 $270.00 $122.0K 1.5K 176
HD CALL TRADE BULLISH 01/20/23 $290.00 $102.0K 613 65
HD CALL TRADE NEUTRAL 10/21/22 $290.00 $81.9K 3.9K 169
HD CALL SWEEP BEARISH 01/19/24 $305.00 $80.0K 240 91

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HD PUT TRADE BEARISH 10/21/22 $280.00 $125.7K 2.3K 222
HD PUT SWEEP BEARISH 11/18/22 $270.00 $122.0K 1.5K 176
HD CALL TRADE BULLISH 01/20/23 $290.00 $102.0K 613 65
HD CALL TRADE NEUTRAL 10/21/22 $290.00 $81.9K 3.9K 169
HD CALL SWEEP BEARISH 01/19/24 $305.00 $80.0K 240 91

Where Is Home Depot Standing Right Now?

  • With a volume of 2,252,254, the price of HD is down -4.78% at $283.32.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 63 days.

What The Experts Say On Home Depot:

  • UBS has decided to maintain their Buy rating on Home Depot, which currently sits at a price target of $370.
  • Wedbush has decided to maintain their Neutral rating on Home Depot, which currently sits at a price target of $340.
  • Baird has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $360.
  • Raymond James has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $350.
  • Morgan Stanley has decided to maintain their Overweight rating on Home Depot, which currently sits at a price target of $360.

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.

Posted In: BZI-UOAOptionsMarkets