Home Depot Unusual Options Activity For March 21
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has seen unusual options activity, with a bullish sentiment from deep-pocketed investors. Benzinga's options scanner revealed 32 extraordinary activities, with a majority being calls. The focus is on a price band between $330.0 and $450.0. Home Depot's current market status shows a 2.96% increase in price at $395.77, with potential overbought indicators. Analysts have mixed ratings, with target prices ranging from $377 to $415.
March 21, 2024 | 3:31 pm
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Home Depot has seen significant bullish options activity, indicating potential upward price movement. Current market status shows a 2.96% increase in stock price, with analysts providing mixed but generally positive ratings.
The unusual options activity, particularly the bullish sentiment and the high volume of calls, suggests investor confidence in Home Depot's future performance. The current increase in stock price and the generally positive analyst ratings further support a short-term positive outlook for HD.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100