Home Depot Unusual Options Activity For December 08

Home Depot Unusual Options Activity For December 08

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 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $871,568 and 11, calls, for a total amount of $790,478.

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 $240.0 to $400.0 for Home Depot over the last 3 months.

Volume & Open Interest Development

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 $240.0 to $400.0 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 SWEEP BULLISH 01/20/23 $340.00 $374.9K 811 168
HD PUT TRADE BEARISH 01/20/23 $340.00 $274.5K 811 336
HD CALL SWEEP BEARISH 06/16/23 $350.00 $214.5K 820 70
HD CALL TRADE BEARISH 02/17/23 $360.00 $83.4K 422 153
HD CALL TRADE NEUTRAL 12/16/22 $322.50 $77.0K 695 213

Where Is Home Depot Standing Right Now?

  • With a volume of 713,417, the price of HD is up 1.23% at $324.09.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 75 days.

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