Home Depot Prepares for Q3 Earnings Call

The home improvement stock has a mostly positive post-earnings history

Deputy Editor
Nov 9, 2023 at 2:11 PM
facebook X logo linkedin

Home improvement retailer Home Depot Inc (NYSE:HD) is about to announce its third-quarter earnings report, due out before the market open on Tuesday, Nov. 14. Since dipping to an Oct. 27, 52-week low of $274.26, HD has managed a substantial rebound.

On the charts, the equity recently crossed back above former pressure at its 20-day moving average. Still, Home Depot stock was last seen down 2.1% at $289.70, breaking below a short-term floor at the $290 mark, and is down 8.1% in 2023. 

HD Chart November 92023

Diving into HD's earnings history, the stock closed higher the following day after five of the company's past eight quarterly reports. Overall, the shares averaged a 4% swing the day after reporting, regardless of direction, which is slightly lower than the 5.8% swing options traders are pricing in this time around.

Leading up to the event, short-term options traders are favoring bearish bets. This is per Home Depot stock's Schaeffer's put/call open interest ratio (SOIR) of 1.43 that stands in the slightly elevated 71st percentile of annual readings. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI