Put seller bets on floor in Home Depot

A large trader sees a solid foundation under shares of Home Depot as the stock remains near its highest level in more than a decade.

HD is up 0.46 percent today at $51.89 with the broader market still slightly lower. The home-improvement retailer reached $53.28 two weeks ago, its highest level since May 2001. The stock has essentially doubled in price in the last year.

Almost all of HD’s option volume today is in one print in the July 50 Weekly puts, which saw 10,000 contracts sold for the bid price of $0.11, according to optionMONSTER’s systems. These are next week’s options that started trading today, so there was no open interest.

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— Option Monster

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