Home Depot Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Home Depot (NYSE:HD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The price range targeted by these traders for Home Depot over the last 3 months is from $300.0 to $340.0. Various experts have given different ratings and price targets for Home Depot.
August 11, 2023 | 6:00 pm
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Unusual options activity indicates a bearish stance on Home Depot. The sentiment of big-money traders is 29% bullish and 70% bearish. Various experts have given different ratings and price targets for Home Depot.
The unusual options activity and the bearish sentiment of big-money traders indicate a potential downward movement in the price of Home Depot's stock. This is further supported by the various ratings and price targets given by experts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100