Behind the scenes of the latest trends in Home Depot options – Home Depot (NYSE:HD)

Whales, who have plenty of money to spend, have become noticeably bearish Home warehouse.

View option history for Home Depot H.D we detected 23 transactions.

If we take into account the specifics of each trade, it is accurate to say that 26% of investors entered trades with bullish expectations and 43% with bearish expectations.

Of the total spot trades, 10 were puts for a total of $438,388 and 13 were calls for a total of $795,862.

Estimated price range

After assessing trading volumes and open interest, it is clear that major market players are focused on Home Depot’s price range of $340.0 to $445.0 over the past three months.

Analyzing volume and open interest

Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest in Home Depot options at a given strike price. Below we can see the evolution of call and put volume and open interest, respectively, for all Home Depot whale trades in the $340.0 to $445.0 strike price range over the past 30 days.

Home Depot 30-Day Snapshot of Option Volume and Percentage

Largest option trades observed:

Symbol	SEND/CALL	Trade type	Sentiment	To the power. Date	Ask	Offer	Price	Strike price	Total trading price	Open interest	Volume
H.D	CALL	TRADE	BEARISH	11/01/24	$5.15	$4.85	$4.9	$420.00	318.5 thousand dollars	41	655
H.D	CALL	SWEEP	NEUTRAL	21/03/25	$78.3	$77.95	$77.95	$340.00	77.8 thousand dollars	84	12
H.D	PLACE	SWEEP	NEUTRAL	25/10/24	$11.4	$10.8	$11.22	$415.00	74.1 thousand dollars	2	71
H.D	PLACE	SWEEP	BEARISH	15/11/24	$39.65	$37.3	$39.65	$445.00	55.5 thousand dollars	0	14
H.D	PLACE	SWEEP	BEARISH	10/11/24	$3.35	$3.15	$3.28	$405.00	51.0 thousand dollars	353	284

About Home Depot

Home Depot is the world’s largest home furnishings retailer, operating more than 2,300 warehouse-style stores offering more than 30,000 products in-store and 1 million products online in the U.S., Canada and Mexico. Its stores offer a variety of building materials, home improvement products, lawn and garden products and decorative products, and provide a variety of services, including home improvement installation services and tool and equipment rentals. The 2015 acquisition of Interline Brands allowed Home Depot to enter the MRO business, which was expanded through its tie-up with HD Supply (2020). The addition of a flagship store has expanded its offerings to include textiles, and Redi Carpet has added multi-family flooring, while its recent partnership with SRS will help drive demand among professionals.

Following our analysis of Home Depot’s options business, we turn our attention to a closer look at the company’s performance.

The current status of the Home Depot market

• Currently on volume of 3,246,674, the price of HD is down -0.07% and currently stands at $408.06.
• RSI readings suggest that the stock may be overbought at this point.
• Results are expected to be published in 36 days.

Professional analyst ratings for Home Depot

A total of 5 professional analysts have expressed their opinion on this stock over the last 30 days, setting an average price target of $423.0.

Turn $1,000 into $1,270 in just 20 days?

The 20-year professional options trader reveals his single-line charting technique that shows when to buy and when to sell. Copy his trades which earned an average profit of 27% every 20 days. Click here to access. * Company analyst Gordon Haskett upgraded the stock to Buy with a $450 price target. * The Loop Capital analyst has maintained a Hold rating on Home Depot, which currently stands at a price target of $360. *The Guggenheim analyst has decided to maintain a Buy rating on Home Depot, which currently stands at $450. *The Oppenheimer analyst has elected to maintain a “Sell” rating on Home Depot, which currently has a price target of $400. * Piper Sandler analyst has chosen to maintain his Overweight rating on Home Depot, which currently stands at $455.

Trading options involve more risk, but they also offer the potential for higher returns. Experienced traders minimize this risk through ongoing education, strategic trading adjustments, use of various indicators, and attunement to market dynamics. Stay on top of the latest Home Depot options trades with Benzinga Pro for real-time alerts.