Market Whales and Their Recent Bets on Home Depot Options
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Home Depot (NYSE:HD) through options trading, with 60% of trades being bearish. The options activity suggests a price range of $330 to $385 for HD. Analysts have mixed ratings, with target prices ranging from $330 to $430.
September 09, 2024 | 6:30 pm
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Wealthy investors have taken a bearish stance on Home Depot through options trading, with 60% of trades being bearish. The options activity suggests a price range of $330 to $385 for HD. Analysts have mixed ratings, with target prices ranging from $330 to $430.
The article highlights significant bearish options activity on Home Depot, indicating potential negative sentiment among wealthy investors. This could lead to short-term downward pressure on HD's stock price. However, analysts have mixed ratings, which may moderate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100