Options/HD

HDHome Depot, Inc.

Options Analysis Report•RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS

Market Cap $329.4B|NYSE

● 2026-08-31$330.19

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y -18.7%YTD -4.5%7D -2.1%

Options Vol

17,212

30D

Implied Move

±6.7%

IV Rank

HD Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

Loading score history...

HD Gamma Walls

Loading gamma walls...

HD Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where HD sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.91) — near-dated vol is priced 9% below far-dated, and downside puts carry 0.4 IV points more than at-the-money, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads neutral (5.36): it is trading 1% below its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.91/ 10cheap

Basis: cross_sectional

Fragility

5.36/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

8.9

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks8/9 checks passed

IV Rank

≤35%

IV Rank 21.7% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 0.94x — IV ≤ HV

Sector Relative≤50%

Sector percentile 7% — below sector median

Term Structure

<1.1x

Front/Back 0.91x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 23.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 48.0% (ATM 23.9% + spread 12.0% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 20.68% (spread 12.03% + slippage 8.65%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 20.68 (vega 24.875 / spread 12.03%) — efficient

Sentiment

Bullish or bearish?

6.5

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +7%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: +7%

OI Skew Magnitude

≥15%

|OI skew| 7.9% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +25.7%, OI skew +7.9% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +5%, ATM: -0%, OTM: +13% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 40% — bullish vs sector

Activity

Unusual activity?

3.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 0.8x avg — normal

Turnover Rate

≥15%

Vol/OI 7.4% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +9.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 86% — very active vs sector

Trade Quality

≥30%

Large trade volume 2% — mostly retail

Execution Urgency

≥60%

Aggressive execution 27% — patient

Flow Conviction

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.5

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 12.0% — wide

Adequate OI

≥10,000

OI 233,722 — deep

Active Volume

≥500

Volume 17,212/day — active

Reasonable Cost

≤$0.50

$0.60 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 14% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 87.4 contracts (bid:39.6 ask:47.8) — thin

Execution Quality

<1.0%

Avg slippage 8.65% — poor

Timing

Is now a good time?

6.8

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -8.9% — contango

IV Percentile Clarity

<30 or >70

IV percentile 22% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.6pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 186.75 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 32 (ITM 20% + inst 2%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls7.1

bullishIV cheap, bullish flow

Long Puts6.0

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.5

bullishIV too cheap, bullish flow

Covered Call3.5

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on HD

HD gamma walls HD max pain HD IV rank HD options flow