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.