Home Depot Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Home Depot (NYSE:HD) has been observed through unusual options activity. The sentiment among big-money traders is 70% bearish and 30% bullish. The targeted price range for Home Depot over the last 3 months has been from $170.0 to $400.0. The current price of HD is down -1.01% at $324.06. Analysts have mixed ratings on Home Depot, with price targets ranging from $315 to $384.
August 21, 2023 | 8:16 pm
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Unusual options activity indicates a bearish stance on Home Depot. The sentiment among big-money traders is 70% bearish and 30% bullish. The current price of HD is down -1.01% at $324.06.
The unusual options activity, which is heavily bearish, indicates that there is a significant expectation of a price drop for Home Depot. This is further supported by the current price drop of -1.01%. The mixed analyst ratings and price targets suggest uncertainty in the market, which could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100