Financial giants have shown a striking uptrend in Home Depot. Our analysis of options history for Home Depot HD revealed 18 unusual trades.

Upon closer inspection, we found that 38% of traders were optimistic, while 33% showed bearish tendencies. Of all the trades we discovered, 6 were puts worth $289,736 and 12 were calls worth $1,254,915.

What is the course objective?

After evaluating trading volumes and open interest, it is evident that the key market drivers are focused on a price range between $310.0 and $400.0 for Home Depot over the past three months.

Insights into volume and open interest

In terms of liquidity and interest, the average open interest for Home Depot options trades today is 534.75 out of a total volume of 8,491.00.

In the chart below, we can track the evolution of volume and open interest of call and put options for Home Depot’s big money trades within a strike price range of $310.0 to $400.0 over the last 30 days.

Home Depot options volume and open interest over the last 30 days

Significant options trades identified:

About Home Depot

Home Depot is the world’s largest specialty retailer of home improvement products, operating over 2,300 warehouse-format stores in the U.S., Canada, and Mexico with more than 30,000 products in-store and 1 million products online. The stores offer numerous building materials, home improvement products, lawn and garden products, and decorative products, and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 enabled Home Depot to enter the MRO business, which was expanded by the merger with HD Supply (2020). The addition of the Company Store added textiles to the lineup, and Redi Carpet added multifamily flooring, while the recent merger with SRS will help drive demand in the professional space.

Given the recent options history for Home Depot, it is now appropriate to focus on the company itself. We want to examine its current performance.

Home Depot’s current position

• The trading volume is 1,523,075, with HD price up 2.16% to trade at $373.26.
• RSI indicators show that the stock may be overbought.
• Earnings announcement is expected in 81 days.

What the experts say about Home Depot

A total of 5 professional analysts have given their assessment of this stock in the last 30 days and set an average price target of USD 382.8.

• A UBS analyst maintains his stance and continues to recommend Home Depot as a “buy” with a target price of $425.
• An analyst at RBC Capital maintains his sector perform rating for Home Depot and maintains a price target of $363.
• An analyst at Truist Securities maintains his view and continues to recommend Home Depot as a “buy” with a price target of $396.
• An analyst at Loop Capital has decided to maintain his “Hold” rating on Home Depot, which currently has a price target of $330.
• An analyst at Evercore ISI Group maintains his stance and continues to recommend “outperform” for Home Depot, targeting a price of $400.

Options trading involves higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market moves. Stay on top of the latest Home Depot options trades with real-time alerts from Benzinga Pro.