Financial giants have made a conspicuous bullish move on Home Depot. Our analysis of options history for Home Depot (NYSE:HD) revealed 12 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $519,025, and 3 were calls, valued at $103,879.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $415.0 for Home Depot, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Home Depot options trades today is 467.33 with a total volume of 6,016.00.
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 $250.0 to $415.0 over the last 30 days.
Home Depot Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | PUT | SWEEP | BULLISH | 01/17/25 | $4.85 | $4.6 | $4.6 | $387.50 | $204.6K | 1.4K | 1.2K |
| HD | PUT | TRADE | BULLISH | 01/03/25 | $22.0 | $20.85 | $21.1 | $415.00 | $90.7K | 23 | 48 |
| HD | CALL | TRADE | BULLISH | 02/21/25 | $11.35 | $11.15 | $11.35 | $400.00 | $45.4K | 666 | 41 |
| HD | PUT | SWEEP | BULLISH | 01/17/25 | $4.5 | $4.25 | $4.25 | $387.50 | $36.5K | 1.4K | 562 |
| HD | PUT | SWEEP | BEARISH | 02/21/25 | $3.65 | $3.55 | $3.65 | $365.00 | $35.7K | 171 | 98 |
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 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 the recent 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.
Current Position of Home Depot
- With a volume of 573,396, the price of HD is down -0.45% at $393.36.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 60 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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 Benzinga Pro for real-time alerts.
