Home Depot Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Home Depot (NYSE:HD), with 70% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $799,155, compared to calls totaling $51,646. Whales have been targeting a price range from $280.0 to $375.0 for Home Depot over the last 3 months. The current price of HD is $287.04, up 0.09%. Analysts from Truist Securities, HSBC, and Telsey Advisory Group have maintained their ratings on Home Depot, with price targets of $341, $365, and $330 respectively.
October 20, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bearish options activity observed for Home Depot. Majority of trades are puts, with whales targeting a price range of $280-$375. Current price is $287.04, up 0.09%.
The bearish options activity indicates that a significant number of investors are betting on the price of Home Depot's stock to decrease. This could potentially put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100