Behind the Scenes of Home Depot's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bullish stance on Home Depot.

Looking at options history for Home Depot HD we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 22% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $153,790 and 4, calls, for a total amount of $160,163.

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 $300.0 to $380.0 for Home Depot over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Home Depot stands at 916.33, with a total volume reaching 362.00. 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 $300.0 to $380.0, throughout the last 30 days.

Home Depot Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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 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 the 2024 tie-up with SRS will help grow professional demand in roofing, pool and landscaping projects.

Following our analysis of the options activities associated with Home Depot, we pivot to a closer look at the company's own performance.

Home Depot's Current Market Status

• Currently trading with a volume of 1,015,325, the HD's price is down by -1.86%, now at $355.69.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 61 days.

Expert Opinions on Home Depot

5 market experts have recently issued ratings for this stock, with a consensus target price of $444.8.

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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 Telsey Advisory Group persists with their Outperform rating on Home Depot, maintaining a target price of $455. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Home Depot, which currently sits at a price target of $435. * An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $455. * An analyst from RBC Capital persists with their Sector Perform rating on Home Depot, maintaining a target price of $424. * An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $455.

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