Looking At Home Depot's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Home Depot (NYSE:HD), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades range from $280.0 to $410.0 for Home Depot over the last 3 months. The current price of HD is up 1.0% at $331.77. Citigroup, Truist Securities, and Argus Research have all maintained their Buy rating on Home Depot.
August 04, 2023 | 2:04 pm
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NEUTRAL IMPACT
Unusual options activity has been observed for Home Depot, indicating potential volatility in the short term. The sentiment among big-money traders is split, suggesting uncertainty.
The unusual options activity indicates that there is significant interest in Home Depot's stock, which could lead to increased volatility. The split sentiment among big-money traders suggests that there is uncertainty about the stock's direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100