Spotlight on Home Depot: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Home Depot (NYSE:HD) has seen a surge in options activity, with a notable split in sentiment: 62% bullish and 25% bearish. The options trades suggest a price window of $315 to $420. Analysts have mixed ratings, with target prices ranging from $360 to $430.
September 18, 2024 | 5:16 pm
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Home Depot has experienced a significant increase in options trading activity, with a majority of trades being bullish. The options suggest a price range of $315 to $420. Analysts have mixed ratings, with target prices between $360 and $430.
The surge in options activity, particularly with a majority being bullish, indicates positive sentiment among investors. The price range suggested by the options aligns with analyst target prices, supporting a potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100