Home Depot $HD Bullish Option Flow Detected From Whale Trader

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On July 23, 2022, GuerillaStockTrading detected bullish option flow in $HD stock by a whale trader.

$HD $360 October 21 2022 Call Volume Explodes Higher

Someone with a lot of money bought the $360 October 2022 calls. They purchased 600 calls at $1.90 for a total value of $114,000.

Option Flow In $HD Stock On July 22 2022

Looking at the overall option flow in $HD stock, 56% of investors opened trades with bullish expectations and 43% with bearish. Overall unusual trades were two puts, for a total amount of $116,782, and 14 calls for a total amount of $656,541.

Make sure to review this lesson on option flow so that you understand the image above.

$HD Stock Chart Technical Analysis

The TTM Squeeze bands look stretched and ready to reverse, IMO. Overall, I’m not seeing what the whale trader is seeing. The chart is in a downtrend, and with Home Depot tied to consumer spending and the slowdown in housing and, by extension, construction spending, somebody might know something that the public is unaware of.

📺 What Investors Should Do When Home Depot (HD) Stock Drops This Much

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