Home Depot Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Home Depot (NYSE:HD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $305.0 to $360.0 for Home Depot over the last 3 months. The current price of HD is $330.25, up 0.62%. Several research firms have maintained their Buy rating on Home Depot with varying price targets.
August 10, 2023 | 5:31 pm
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Home Depot has seen unusual options activity with a significant bearish stance by a large investor. The current price is $330.25, up 0.62%. Several research firms have maintained their Buy rating on Home Depot with varying price targets.
The unusual options activity indicates that a large investor is taking a bearish stance on Home Depot, which could potentially drive the stock price down in the short term. However, several research firms have maintained their Buy rating on Home Depot, which could counteract the bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100