Unpacking the Latest Options Trading Trends in Home Depot
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish trend in Home Depot (NYSE:HD) options trading, with significant activity noted by Benzinga's options scanner. The trading suggests a potential price range of $350 to $490 for HD. Analysts have mixed ratings, with target prices ranging from $330 to $400.
August 29, 2024 | 6:16 pm
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Home Depot sees significant bullish options activity, indicating potential price movement between $350 and $490. Analysts have mixed ratings, with target prices ranging from $330 to $400.
The substantial options activity, with more calls than puts, suggests bullish sentiment among investors. The predicted price range and mixed analyst ratings indicate potential upward movement in HD's stock price. The options activity is a strong indicator of investor sentiment, which could lead to short-term price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100