Financial giants have made a conspicuous bullish move on Home Depot. Our analysis of options history for Home Depot (NYSE:HD) revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 26% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $83,710, and 13 were calls, valued at $953,458.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $380.0 to $490.0 for Home Depot over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Home Depot's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Home Depot's whale activity within a strike price range from $380.0 to $490.0 in the last 30 days.
Home Depot 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | CALL | TRADE | NEUTRAL | 01/17/25 | $54.6 | $53.05 | $53.8 | $380.00 | $285.1K | 1.6K | 53 |
| HD | CALL | SWEEP | BEARISH | 01/03/25 | $5.6 | $5.5 | $5.6 | $440.00 | $113.7K | 829 | 390 |
| HD | CALL | TRADE | BULLISH | 01/17/25 | $26.95 | $26.35 | $26.79 | $410.00 | $93.7K | 1.0K | 39 |
| HD | CALL | SWEEP | BULLISH | 01/03/25 | $5.2 | $5.1 | $5.2 | $440.00 | $73.3K | 829 | 746 |
| HD | CALL | SWEEP | BULLISH | 06/20/25 | $8.85 | $8.8 | $8.85 | $490.00 | $71.5K | 127 | 84 |
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.
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.
Where Is Home Depot Standing Right Now?
- Currently trading with a volume of 1,582,892, the HD's price is down by -0.01%, now at $431.34.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 71 days.
Expert Opinions on Home Depot
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $433.6.
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. Click here for access. * An analyst from RBC Capital persists with their Sector Perform rating on Home Depot, maintaining a target price of $413. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Home Depot with a target price of $450. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Home Depot, targeting a price of $465. * An analyst from Stifel persists with their Hold rating on Home Depot, maintaining a target price of $400. * An analyst from Mizuho has decided to maintain their Outperform rating on Home Depot, which currently sits at a price target of $440.
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.
