$HD Home Depot Golden Cross - Bullish Options Activity

12 Mar 2019

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.