$HD Home Depot Golden Cross - Bullish Options Activity
HD Home Depot - Golden cross on the daily chart appears imminent (50d/200d crossover). Forming bullish channel that began with the Xmas eve bottom. Monitor for breakout above $185 for confirmation. Unusual bullish options activity - Over 16k $110.00 strike Jan'2020 calls traded today for total premium of 120M. These are deep in-the-money, expensive contracts trading for over 7k a piece.
Medium term target - $205.00-$210.00 range by late April
Note: Informational, not investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.