Home Depot (NYSE:HD) Stock, Quote.Headers.trade-ideas

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.

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16 analysts have shared their evaluations of Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Home Depot and provided 12-month price targets. The average target is $384.31, accompanied by a high estimate of $430.00 and a low estimate of $330.00. Surpassing the previous average price target of $377.86, the current average has increased by 1.71%.
<img src="https://www.benzinga.com/files/images/story/2024/1727114427_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Home Depot is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$420.00</td>
<td>-</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$360.00</td>
<td>$330.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$430.00</td>
<td>$395.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$363.00</td>
<td>$377.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$330.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$395.00</td>
<td>$396.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$425.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$400.00</td>
<td>$415.00</td>
</tr>
<tr>
<td>W. Andrew Carter</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$375.00</td>
<td>$380.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$360.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$400.00</td>
<td>$377.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$396.00</td>
<td>$406.00</td>
</tr>
<tr>
<td>W. Andrew Carter</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$380.00</td>
<td>$374.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Announces</td>
<td>Buy</td>
<td>$395.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Home Depot. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Home Depot compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Home Depot's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Home Depot's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Home Depot analyst ratings.</a>
<h2>Delving into Home Depot's Background</h2>
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.
<h3>Home Depot: Delving into Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Home Depot's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate of 0.6%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Home Depot's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.56% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Home Depot's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 146.19% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Home Depot's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.18% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 14.62, Home Depot faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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Analyst Ratings

A Glimpse Into The Expert Outlook On Home Depot Through 16 Analysts

Melius Research analyst Karen Short initiates coverage on Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Buy rating and announces Price Target of $420.

Price Target

Initiation

Melius Research Initiates Coverage On Home Depot with Buy Rating, Announces Price Target of $420

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
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The Federal Reserve cut interest rates by 50 basis points in September, surprising many economists who expected a smaller 25-basis-point reduction. 
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<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40892076/palantir-key-enabler-of-clients-businesses-says-bullish-analyst-as-ceo-alex-karp-to">&#8220;Palantir &#8216;Key Enabler&#8217; Of Clients&#8217; Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels,&#8221;</a> by <a href="https://www.benzinga.com/author/shanthi-rexaline">Shanthi Rexaline</a>, highlights Palantir Technologies Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) potential tenfold growth as CEO Alex Karp emphasizes the company&#8217;s role in accelerating client success, with BofA Securities maintaining a bullish outlook and a $50 price target.
<a href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-">&#8220;Walmart Division Sam&#8217;s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail,&#8221;</a> by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, details Walmart Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Sam&#8217;s Club wage increase for nearly 100,000 frontline workers, with hourly pay rising 3%-6% as part of a strategy to enhance worker retention and performance.
"<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40921872/dogecoin-will-outperform-bitcoin-in-2025-vows-trader-heres-what-the-follower-effect-means">Dogecoin Will Outperform Bitcoin In 2025, Vows Trader: Here&#8217;s What The &#8216;Follower Effect&#8217; Means,&#8221;</a> by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, shares a crypto trader&#8217;s belief that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) will outperform Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in 2025, benefiting from its rapid growth and leveraging Bitcoin's trajectory via the &#8220;follower effect.&#8221;
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The Bears
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Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Whales with a lot of money to spend have taken a noticeably bullish stance on Home Depot.
Looking at options history for Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $121,523 and 6, calls, for a total amount of $334,095.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $355.0 to $400.0 for Home Depot during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Home Depot options trades today is 1236.88 with a total volume of 931.00.
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 $355.0 to $400.0 over the last 30 days.
<h3>Home Depot Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726856288_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$24.9</td>
<td>$23.75</td>
<td>$24.37</td>
<td>$365.00</td>
<td>$163.2K</td>
<td>1.5K</td>
<td style="text-align: right;">106</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$8.15</td>
<td>$7.9</td>
<td>$8.09</td>
<td>$390.00</td>
<td>$80.9K</td>
<td>189</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.6</td>
<td>$16.3</td>
<td>$16.3</td>
<td>$400.00</td>
<td>$40.7K</td>
<td>3.4K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.35</td>
<td>$3.1</td>
<td>$3.1</td>
<td>$375.00</td>
<td>$40.6K</td>
<td>377</td>
<td style="text-align: right;">576</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$38.5</td>
<td>$38.05</td>
<td>$38.49</td>
<td>$360.00</td>
<td>$38.4K</td>
<td>1.2K</td>
<td style="text-align: right;">11</td>
</tr>
</tbody>
</table>

<h3>About Home Depot</h3>
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.
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.
<h3>Present Market Standing of Home Depot</h3>
<ul>
<li>Trading volume stands at 1,950,580, with HD's price up by 0.18%, positioned at $391.06.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 53 days.</li>
</ul>
<h3>What Analysts Are Saying About Home Depot</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $383.3333333333333.
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. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Home Depot, maintaining a target price of $360. 
&#x2A; Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Home Depot, targeting a price of $360. 
&#x2A; An analyst from DA Davidson persists with their Buy rating on Home Depot, maintaining a target price of $430. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Home Depot options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Behind the Scenes of Home Depot's Latest Options Trends

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/19/final-trades-target-home-depot-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link of Hightower named Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) as her final trade.
On Thursday, Target tapped PepsiCo, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) Jim Lee as its CFO and a member of its leadership team, effective Sept. 22. Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. 
Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
Kevin Simpson of Capital Wealth Planning said The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) would be a tremendous beneficiary of lower interest rates. The company has a dividend yield of 2.3%, he added.
Home Depot recently agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout. The lawsuit, filed by prosecutors from six California counties, accused the retailer of "scanner violations," where the prices at checkout were higher than the advertised prices. The case was brought to the San Diego County Superior Court, reported NBC News.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Target gained 1.9% to close at $156.49 during Thursday's session.</li>
<li>Home Depot shares gained 1.7% to settle at $390.34 on Thursday.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2% during Thursday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Shutterstock

Target, Home Depot And More On CNBC's 'Final Trades'

WIIM

BLDR

GRBK

LGIH

LOVE

LSEA

ROCK

TMHC

Shares of housing-related stocks are trading higher after the Fed policy decision to cut rates by 50 basis points, which could help curb housing unaffordability and increase demand.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$240.00</td>
<td>$36.3K</td>
<td>8.4K</td>
<td>63.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$6.00</td>
<td>$99.5K</td>
<td>2.3K</td>
<td>17.4K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$36.4K</td>
<td>35.1K</td>
<td>7.4K</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$145.00</td>
<td>$67.5K</td>
<td>1.0K</td>
<td>205</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$125.00</td>
<td>$35.3K</td>
<td>1.5K</td>
<td>152</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$39.0K</td>
<td>260</td>
<td>146</td>
</tr>
<tr>
<td>CHWY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$120.0K</td>
<td>4.2K</td>
<td>104</td>
</tr>
<tr>
<td>DRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$242.2K</td>
<td>96</td>
<td>101</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$365.00</td>
<td>$32.7K</td>
<td>612</td>
<td>72</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$27.5K</td>
<td>67</td>
<td>21</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on September 20, 2024. This event was a transfer of 166 contract(s) at a $240.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $219.0 per contract. There were 8451 open contracts at this strike prior to today, and today 63555 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bullish, expiring in 210 day(s) on April 17, 2025. This event was a transfer of 1005 contract(s) at a $6.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $99.5K, with a price of $99.0 per contract. There were 2329 open contracts at this strike prior to today, and today 17419 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be neutral, expiring in 92 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $182.0 per contract. There were 35114 open contracts at this strike prior to today, and today 7420 contract(s) were bought and sold. 
• Regarding DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we observe a call option sweep with bearish sentiment. It expires in 120 day(s) on January 17, 2025. Parties traded 75 contract(s) at a $145.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $900.0 per contract. There were 1006 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on October 18, 2024. Parties traded 52 contract(s) at a $125.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $680.0 per contract. There were 1565 open contracts at this strike prior to today, and today 152 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a put option trade that happens to be neutral, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 260 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold. 
• Regarding CHWY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), we observe a call option trade with neutral sentiment. It expires in 120 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $120.0K, with a price of $1200.0 per contract. There were 4219 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• For DRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $150.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $242.2K, with a price of $2430.0 per contract. There were 96 open contracts at this strike prior to today, and today 101 contract(s) were bought and sold. 
• For HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we notice a call option trade that happens to be bearish, expiring in 57 day(s) on November 15, 2024. This event was a transfer of 10 contract(s) at a $365.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $3275.0 per contract. There were 612 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option trade that happens to be bearish, expiring in 57 day(s) on November 15, 2024. This event was a transfer of 11 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $2505.0 per contract. There were 67 open contracts at this strike prior to today, and today 21 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CAVA

CHWY

CVNA

DASH

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

CNBC Halftime Report Final Trades: Target, The Home Depot, iShares Core S&P Small-Cap ETF

Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) has agreed to a nearly $2 million settlement to address allegations from California prosecutors that the company overcharged customers at checkout due <a href="https://www.benzinga.com/markets/equities/24/09/40915432/home-depot-agrees-to-2m-settlement-in-customer-overcharging-lawsuit">to price discrepancies.</a>
Meanwhile, overbought stocks nearing resistance levels often experience reversals, and Home Depot&#8217;s stock is currently showing these signs. With its share price approaching a key resistance point, it stands out as our Stock of the Day.
Most of the time, a stock stays within its usual or typical trading range. But sometimes, investors and traders can be aggressive and emotional. Their buying can push the stock above this range, which is considered overbought.
This is an important dynamic. It will draw sellers into the market. They will be expecting a reversion to the mean or move lower. Their selling could put pressure on the stock and force it down.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a>
The bottom half of the chart below shows the Relative Strength Index (RSI), a popular momentum indicator. When the blue line crosses above the horizontal red line, it indicates overbought conditions, which is now the case.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="632" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-1024x632.png" alt="" class="wp-image-556556" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-1024x632.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-300x185.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart-768x474.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19112247/hd-chart.png 1177w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The reason resistance often forms at previous levels is rooted in investor psychology, specifically buyer&#8217;s remorse.
There are traders and investors who bought Home Depot when it was at a peak of around $395 in March and came to regret their decision when the stock sold off just after. Some of them vowed to sell their shares if they could get out of the position without losing any money.
As a result, if the stock gets back to their buying price, they will be placing sell orders. And if there are enough of these orders, it will create resistance at the level once again.
Stocks can pull back from resistance due to anxious sellers who fear that others might be willing to sell at a lower price. They understand that buyers will likely turn to those sellers, driving prices down.
So, they reduce the prices at which they are willing to sell. Other anxious sellers see this and do the same thing, resulting in a snowball effect that forces the shares into a downtrend.
The best traders understand psychology. They recognize that resistance often forms at previous peaks due to buyer&#8217;s remorse and that stocks typically pull back from resistance as anxious sellers emerge. This insight enables them to capitalize on these movements and profit.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a></li>
</ul>
Photo: Shutterstock

Investors with a lot of money to spend have taken a bullish stance on Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>).
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, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Home Depot.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $846,001, and 5 are calls, for a total amount of $349,962.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $315.0 to $420.0 for Home Depot during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Home Depot stands at 229.14, with a total volume reaching 868.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Home Depot, situated within the strike price corridor from $315.0 to $420.0, throughout the last 30 days.
<h3>Home Depot 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726679807_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$53.8</td>
<td>$49.7</td>
<td>$51.0</td>
<td>$420.00</td>
<td>$765.0K</td>
<td>0</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$390.00</td>
<td>$164.6K</td>
<td>164</td>
<td style="text-align: right;">467</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$51.45</td>
<td>$51.05</td>
<td>$51.45</td>
<td>$340.00</td>
<td>$72.0K</td>
<td>1.2K</td>
<td style="text-align: right;">31</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$2.42</td>
<td>$2.41</td>
<td>$2.42</td>
<td>$372.50</td>
<td>$53.7K</td>
<td>35</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$43.35</td>
<td>$42.7</td>
<td>$43.35</td>
<td>$340.00</td>
<td>$43.3K</td>
<td>98</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Home Depot</h3>
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.
Having examined the options trading patterns of Home Depot, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Home Depot's Current Market Status</h3>
<ul>
<li>With a trading volume of 903,172, the price of HD is down by -0.1%, reaching $382.86.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
<h3>What The Experts Say On Home Depot</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $383.3333333333333.
<ul>
<li>An analyst from Loop Capital persists with their Hold rating on Home Depot, maintaining a target price of $360. </li>
<li>Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for Home Depot, targeting a price of $430. </li>
<li>An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Home Depot, which currently sits at a price target of $360. </li>
</ul>
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 <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Spotlight on Home Depot: Analyzing the Surge in Options Activity

Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) has agreed to a settlement of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40375185/home-depots-price-forecasts-for-2024-lowered-by-analysts-amid-modest-sales-growth-c">almost $2 million to resolve allegations</a> that it overcharged customers at checkout.
What Happened: The lawsuit, filed by prosecutors from six California counties, accused the retailer of &#8220;scanner violations,&#8221; where the prices at checkout were higher than the advertised prices. The case was brought to the San Diego County Superior Court, <a href="https://www.nbcnews.com/news/us-news/home-depot-pay-nearly-2-million-settle-suit-alleging-overcharged-shopp-rcna171574?ref=biztoc.com">reported</a> NBC News.
In a statement, Home Depot said it has updated the timing of its price changes to ensure consistency for customers. The settlement, which does not admit any wrongdoing, was approved by Judge Richard Whitney and filed on Aug. 26.
Los Angeles County District Attorney George Gascón stated that the price discrepancies were not accidental and accused the company of deceptive practices. The settlement includes $1.7 million for consumer law enforcement across several counties and additional funds for consumer regulators and watchdogs.
Under the agreement, Home Depot must always use the lowest posted prices, hire an internal price watchdog, assign price accuracy checks to store managers and make price accuracy records available to prosecutors.
See Also: <a href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position</a>
Why It Matters: This settlement comes at a time when Home Depot is already grappling with various challenges. Recently, the company&#8217;s CEO Ted Decker highlighted that <a href="https://www.benzinga.com/24/08/40381559/home-depot-ceo-says-inflation-keeps-eating-away-at-disposable-income-are-home-repairs-being-put-off">inflation is eroding disposable income</a>, causing many homeowners to delay renovations and repairs. This economic strain has been reflected in the company&#8217;s financial performance.
In its latest earnings report, Home Depot posted a modest sales growth of 0.6% year-over-year, falling short of Wall Street expectations. Analysts have since <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40375185/home-depots-price-forecasts-for-2024-lowered-by-analysts-amid-modest-sales-growth-c">lowered their price forecasts</a> for the company, citing a weaker consumer outlook.
Moreover, the retail giant has been trying to boost sales by <a href="https://www.benzinga.com/24/09/40769126/trump-vs-harris-spurs-early-holiday-sales-costco-home-depot-unveil-christmas-and-halloween-merchandi">introducing holiday merchandise earlier</a> than usual, aiming to counteract potential slowdowns in consumer spending due to economic uncertainties and the upcoming presidential election.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40869320/micha-l-van-de-poppe-predicts-massive-bitcoin-surge-says-price-may-soar-by-890?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Home Depot Agrees To $2M Settlement In Customer Overcharging Lawsuit

A possible strike by thousands of dockworkers at <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">East and Gulf coast ports</a> in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade.
The International Longshoremen's Association (ILA), representing more than 85,000 dockworkers, may go on strike on Oct. 1 as the union&#8217;s contract expires on Sept. 30 and negotiations between the ILA and U.S. Maritime Alliance of terminal operators show signs of breaking down, said Christian Roeloffs, CEO of online container leasing platform Container xChange.
&#8220;A strike now appears increasingly likely, threatening to disrupt nearly half of the nation&#8217;s ocean trade,&#8221; he said on Tuesday.
&#8220;The uncertainty is compounded by the fact that the duration of these strikes is unclear — it could be resolved within weeks or drag on for months, as seen with the West Coast strike last year.
&#8220;September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush.&#8221;
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
But it isn&#8217;t just a strike that threatens to disrupt the shipment of goods for the retail, automotive and other sectors, he said.
&#8220;This year presents an unprecedented combination of challenges that could heavily impact supply chains. Potential labor strikes, natural disasters, and tariff uncertainties are converging, creating a highly volatile environment for global trade,&#8221; he said. 
&#8220;This also led to the pulling forward of orders by retailers, which led to strong inventories in the U.S.&#8221;
A strike could also cause havoc for container leasing and trading companies by causing major delays, port congestion and rerouted cargo, Roeloffs said.
"Companies should anticipate short-term spikes in demand for leased containers as retailers rush to secure goods ahead of potential disruptions, particularly for seasonal inventory and industrial shipments," he said.
&#8220;While the threat of strikes looms large, it's important to note that U.S. inventories are currently strong due to the pulling forward of orders earlier this year to avoid existing disruptions. 
The retail, automotive and semiconductor industries, all of which could be impacted by a port strike, saw gains and losses into Tuesday&#8217;s mid-day trading.
<h1 class="wp-block-heading">Retail</h1>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell 1.18% to $79.61</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.26% to $152.45</li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) gained 0.89% to $385.42</li>
</ul>
<h1 class="wp-block-heading">Automotive</h1>
<ul>
<li>Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) gained 1.30% to $10.94</li>
<li>General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) picked up 1.59% to $47.62</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 0.18% to $15.16</li>
</ul>
<h1 class="wp-block-heading">Semiconductor</h1>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fell 0.43% to $168.35</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) declined 0.87% to $162.59</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.13% to $68.50</li>
</ul>
<h1 class="wp-block-heading">Indexes that follow the retail and automotive sectors trended upward</h1>
<ul>
<li>Dow Jones Transportation Average, which is tracked by the iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>), rose 1.2% to 16,032.91 points</li>
<li>S&amp;P Retail Select Industry Index, which is tracked by the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), gained 1.4% to 10,375.45 points</li>
<li>S&amp;P 500 Automobiles &amp; Components Index&nbsp;rose 2.7% to 130.02 points. There is no exchanmge-traded fund that closely follows this index, but First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) provides broad exposure to global automobile manufacturers and related companies, including those in the S&amp;P 500 Automobiles &amp; Components Index.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a></li>
</ul>
Photo: Shutterstock

ETFs

AVGO

CARZ

iShares Dow Jones Transportation Average Index Fund

QCOM

STLA

US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert

Launched on 10/21/2013, the Fidelity MSCI Consumer Discretionary Index ETF (ARCA:FDIS) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Discretionary - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 11, placing it in bottom 31%.
<h2>Index Details</h2>
The fund is sponsored by Fidelity. It has amassed assets over $1.70 billion, making it one of the largest ETFs attempting to match the performance of the Consumer Discretionary - Broad segment of the equity market. FDIS seeks to match the performance of the MSCI USA IMI Consumer Discretionary Index before fees and expenses.
The MSCI USA IMI Consumer Discretionary Index represents the performance of the consumer discretionary sector in the U.S. equity market.
<h2>Costs</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space.
It has a 12-month trailing dividend yield of 0.58%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund&#39;s holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Consumer Discretionary sector--about 100% of the portfolio.
Looking at individual holdings, Amazon.com Inc accounts for about 20.67% of total assets, followed by Tesla Inc and Home Depot Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>).
The top 10 holdings account for about 55.60% of total assets under management.
<h2>Performance and Risk</h2>
The ETF return is roughly 8.30% so far this year and it&#39;s up approximately 15.69% in the last one year (as of 09/17/2024). In that past 52-week period, it has traded between $64.24 and $86.11.
The ETF has a beta of 1.28 and standard deviation of 25.14% for the trailing three-year period, making it a medium risk choice in the space. With about 275 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Fidelity MSCI Consumer Discretionary Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FDIS is a sufficient option for those seeking exposure to the Consumer Discretionary ETFs area of the market. Investors might also want to consider some other ETF options in the space.
Vanguard Consumer Discretionary ETF (ARCA:VCR) tracks MSCI US Investable Market Consumer Discretionary 25/50 Index and the Consumer Discretionary Select Sector SPDR ETF (ARCA:XLY) tracks Consumer Discretionary Select Sector Index. Vanguard Consumer Discretionary ETF has $5.67 billion in assets, Consumer Discretionary Select Sector SPDR ETF has $18.49 billion. VCR has an expense ratio of 0.10% and XLY charges 0.09%.
<a href="https://www.zacks.com/stock/news/2336918/should-you-invest-in-the-fidelity-msci-consumer-discretionary-index-etf-fdis?cid=CS-BENZ-FT-sector_etf-2336918">To read this article on Zacks.com click here.</a>

Large Cap

Sector ETFs

Dividends

FDIS

Select Sector SPDR-Consumer Discretionary

Should You Invest in the Fidelity MSCI Consumer Discretionary Index ETF?

Home Depot's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) short percent of float has risen 9.38% since its last report. The company recently reported that it has 10.44 million shares sold short, which is 1.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.29 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Home Depot Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726590617_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Home Depot has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Home Depot's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Home Depot's peer group average for short interest as a percentage of float is 6.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Home Depot's Recent Short Interest

Loop Capital analyst Laura Champine maintains Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Hold and raises the price target from $330 to $360.

Loop Capital Maintains Hold on Home Depot, Raises Price Target to $360

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$62.0K</td>
<td>13.1K</td>
<td>9.9K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$192.50</td>
<td>$40.4K</td>
<td>15.5K</td>
<td>4.8K</td>
</tr>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$220.00</td>
<td>$30.1K</td>
<td>2.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$67.00</td>
<td>$72.1K</td>
<td>0</td>
<td>1.7K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$45.00</td>
<td>$63.3K</td>
<td>8.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.00</td>
<td>$31.2K</td>
<td>61.6K</td>
<td>760</td>
</tr>
<tr>
<td>EVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.50</td>
<td>$45.1K</td>
<td>985</td>
<td>500</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$385.00</td>
<td>$57.7K</td>
<td>27</td>
<td>453</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$290.00</td>
<td>$94.5K</td>
<td>287</td>
<td>334</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$390.00</td>
<td>$32.0K</td>
<td>800</td>
<td>290</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bearish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 2000 contract(s) at a $37.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $62.0K, with a price of $31.0 per contract. There were 13194 open contracts at this strike prior to today, and today 9938 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 1618 contract(s) at a $192.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $25.0 per contract. There were 15510 open contracts at this strike prior to today, and today 4877 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with bullish sentiment. It expires in 11 day(s) on September 27, 2024. Parties traded 60 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $503.0 per contract. There were 2479 open contracts at this strike prior to today, and today 3025 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on October 4, 2024. This event was a transfer of 1799 contract(s) at a $67.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $40.0 per contract. There were 0 open contracts at this strike prior to today, and today 1799 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option trade with bearish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 75 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $63.3K, with a price of $845.0 per contract. There were 8781 open contracts at this strike prior to today, and today 1075 contract(s) were bought and sold. 
• For LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we notice a put option sweep that happens to be bearish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 315 contract(s) at a $4.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $99.0 per contract. There were 61603 open contracts at this strike prior to today, and today 760 contract(s) were bought and sold. 
• For EVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 158 day(s) on February 21, 2025. This event was a transfer of 500 contract(s) at a $4.50 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $90.0 per contract. There were 985 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a put option sweep with bearish sentiment. It expires in 60 day(s) on November 15, 2024. Parties traded 35 contract(s) at a $385.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.7K, with a price of $1650.0 per contract. There were 27 open contracts at this strike prior to today, and today 453 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a put option trade that happens to be bearish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 150 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $94.5K, with a price of $630.0 per contract. There were 287 open contracts at this strike prior to today, and today 334 contract(s) were bought and sold. 
• Regarding ULTA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 50 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $640.0 per contract. There were 800 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

EVGO

LCID

ULTA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)<a href="https://www.benzinga.com/news/24/09/40781082/whats-going-on-with-paypal-stock"> is a buy</a>, according to CNBC's Jim Cramer. 
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) in the U.S. 
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest &#8220;Mad Money Lightning Round,&#8221; said Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has &#8220;got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon.&#8221;
The recent $5 billion deal between Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
&#8220;I think you're fine,&#8221; Cramer said when asked about The Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). &#8220;Let's say it's a baby growth story.&#8221;
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>). &#8220;Let's just keep it on ice for the moment,&#8221; he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is &#8220;good,&#8221; Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), adding that it is a &#8220;cold stock.&#8221;
On Sept. 6, S&amp;P Dow Jones Indices announced that Palantir Technologies will be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
<ul>
<li>PayPal shares rose 0.7% to settle at $69.35 on Wednesday.</li>
<li>Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.</li>
<li>Palantir shares gained 0.3% to settle at $34.85.</li>
<li>Energy Transfer shares rose 0.3% to close at $15.87.</li>
<li>Southern shares fell 1% to close at $88.77 during Wednesday's session.</li>
<li>CVS fell 1.5% to settle at $56.11 during the session.</li>
<li>Home Depot shares fell 0.1% to close at $370.49 on Wednesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>
Image: Shutterstock

PYPL

RIVN

SHOP

VWAGY

PayPal Is A Buy, Jim Cramer Says: As For Rivian? 'Let It Percolate'

Telsey Advisory Group analyst Joseph Feldman maintains Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) with a Market Perform and maintains $360 price target.

Telsey Advisory Group Maintains Market Perform on Home Depot, Maintains $360 Price Target

Financial giants have made a conspicuous bearish move on Home Depot. Our analysis of options history for Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $235,030, and 5 were calls, valued at $172,240.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $400.0 for Home Depot over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Home Depot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Home Depot's substantial trades, within a strike price spectrum from $300.0 to $400.0 over the preceding 30 days.
<h3>Home Depot Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726072256_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.85</td>
<td>$9.2</td>
<td>$9.85</td>
<td>$340.00</td>
<td>$98.4K</td>
<td>1.6K</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.0</td>
<td>$16.95</td>
<td>$17.0</td>
<td>$360.00</td>
<td>$57.8K</td>
<td>589</td>
<td style="text-align: right;">71</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.15</td>
<td>$9.55</td>
<td>$10.15</td>
<td>$340.00</td>
<td>$50.7K</td>
<td>1.6K</td>
<td style="text-align: right;">152</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.0</td>
<td>$5.7</td>
<td>$5.95</td>
<td>$365.00</td>
<td>$49.7K</td>
<td>1.6K</td>
<td style="text-align: right;">211</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.81</td>
<td>$1.8</td>
<td>$1.8</td>
<td>$375.00</td>
<td>$36.7K</td>
<td>1.9K</td>
<td style="text-align: right;">254</td>
</tr>
</tbody>
</table>

<h3>About Home Depot</h3>
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.
After a thorough review of the options trading surrounding Home Depot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Home Depot Standing Right Now?</h3>
<ul>
<li>With a volume of 991,737, the price of HD is down -1.71% at $364.51. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 62 days.</li>
</ul>
<h3>Expert Opinions on Home Depot</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $365.6.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Home Depot, targeting a price of $400. </li>
<li>An analyst from Stifel has decided to maintain their Hold rating on Home Depot, which currently sits at a price target of $375. </li>
<li>An analyst from RBC Capital persists with their Sector Perform rating on Home Depot, maintaining a target price of $363. </li>
<li>Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Home Depot with a target price of $360. </li>
<li>Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Home Depot with a target price of $330. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Home Depot options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$220.00</td>
<td>$26.1K</td>
<td>7.2K</td>
<td>68.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$84.00</td>
<td>$25.9K</td>
<td>4.4K</td>
<td>3.7K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$5.00</td>
<td>$99.2K</td>
<td>3.0K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TPR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$41.00</td>
<td>$30.8K</td>
<td>86</td>
<td>629</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$65.00</td>
<td>$258.4K</td>
<td>813</td>
<td>550</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.00</td>
<td>$52.4K</td>
<td>499</td>
<td>503</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$35.00</td>
<td>$32.5K</td>
<td>2.8K</td>
<td>456</td>
</tr>
<tr>
<td>WOOF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.50</td>
<td>$51.2K</td>
<td>3.6K</td>
<td>363</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$360.00</td>
<td>$59.1K</td>
<td>355</td>
<td>363</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$125.00</td>
<td>$64.0K</td>
<td>2.4K</td>
<td>280</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 67 contract(s) at a $220.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $390.0 per contract. There were 7259 open contracts at this strike prior to today, and today 68113 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bearish, expiring in 3 day(s) on September 13, 2024. This event was a transfer of 350 contract(s) at a $84.00 strike. The total cost received by the writing party (or parties) was $25.9K, with a price of $74.0 per contract. There were 4443 open contracts at this strike prior to today, and today 3729 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option trade that happens to be bullish, expiring in 31 day(s) on October 11, 2024. This event was a transfer of 1600 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $99.2K, with a price of $62.0 per contract. There were 3033 open contracts at this strike prior to today, and today 1672 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on September 13, 2024. Parties traded 616 contract(s) at a $41.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $50.0 per contract. There were 86 open contracts at this strike prior to today, and today 629 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a call option sweep that happens to be neutral, expiring in 283 day(s) on June 20, 2025. This event was a transfer of 549 contract(s) at a $65.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $258.4K, with a price of $471.0 per contract. There were 813 open contracts at this strike prior to today, and today 550 contract(s) were bought and sold. 
• Regarding MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 500 contract(s) at a $10.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $52.4K, with a price of $105.0 per contract. There were 499 open contracts at this strike prior to today, and today 503 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option sweep with bearish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 100 contract(s) at a $35.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.5K, with a price of $325.0 per contract. There were 2831 open contracts at this strike prior to today, and today 456 contract(s) were bought and sold. 
• Regarding WOOF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on September 20, 2024. Parties traded 928 contract(s) at a $2.50 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $55.0 per contract. There were 3660 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option sweep with bullish sentiment. It expires in 38 day(s) on October 18, 2024. Parties traded 34 contract(s) at a $360.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.1K, with a price of $1740.0 per contract. There were 355 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• For TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we notice a call option sweep that happens to be bullish, expiring in 129 day(s) on January 17, 2025. This event was a transfer of 194 contract(s) at a $125.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $64.0K, with a price of $330.0 per contract. There were 2421 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

DKNG

ETSY

MBLY

WOOF

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