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Triple_Barrel_Capital

$HD Home Depot Golden Cross - Bullish Options Activity

Long
Home Depot, Inc. (The) (NYSE:HD)  
Triple_Barrel_Capital  
NYSE:HD   Home Depot, Inc. (The)
Trend Analysis Chart Patterns HD Bullish Patterns
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trendanalysis chartpattern hd bullish
$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.
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