A Closer Look at Home Depot's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Home Depot (NYSE:HD) shows a bullish trend, with 73% of trades being bullish. Analysts have mixed ratings, with price targets ranging from $360 to $455. The stock is currently priced at $413, up 1.21%, but RSI indicators suggest it may be overbought.

October 08, 2024 | 3:46 pm
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Home Depot's options market shows a bullish trend with 73% of trades being bullish. Analysts have mixed ratings, with price targets ranging from $360 to $455. The stock is currently priced at $413, up 1.21%, but RSI indicators suggest it may be overbought.
The options market for Home Depot is predominantly bullish, with a significant amount of capital being invested in call options. This suggests positive sentiment among investors. Additionally, the stock's current price is above the average analyst target, indicating potential overvaluation. However, the mixed analyst ratings and the RSI suggesting overbought conditions could temper short-term gains.
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