Home Depot Unusual Options Activity For September 05
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 38% bullish and 61% bearish. The whales have been targeting a price range from $280.0 to $350.0 for Home Depot over the last 3 months. The price of HD is currently down -1.33% at $328.65. Several financial institutions have maintained their ratings on Home Depot, with price targets ranging from $333 to $360.
September 05, 2023 | 7:00 pm
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Unusual options activity indicates a significant bearish stance on Home Depot. The sentiment among big-money traders is more bearish than bullish. Several financial institutions have maintained their ratings on Home Depot, with price targets ranging from $333 to $360.
The unusual options activity, with a significant bearish stance, indicates that large investors expect the price of Home Depot to decrease. This could put downward pressure on the stock price in the short term. The price targets set by financial institutions are above the current price, which could provide some upward pressure, but the overall sentiment from the options activity is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100