HDHome Depot, Inc.
Options Analysis Report•RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS
Market Cap $348.0B|NYSE
● 2026-04-17$349.40
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +0.7%YTD +1.0%7D +3.6%
Options Vol
18,565
30D
Implied Move
±7.9%
IV Rank
64%
HD Options Overview
IV is low with unusual activity. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 21.2% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.93x — IV ≤ HV
Sector Relative≤50%
Sector percentile 10% — below sector median
Term Structure
<1.1xFront/Back 0.94x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 28.8% — normal range
Spread-Adjusted Value
<80%Effective IV 46.3% (ATM 28.8% + spread 8.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 14.62% (spread 8.76% + slippage 5.86%) — high friction
Vega Efficiency
≥5.0Vega efficiency 99.22 (vega 86.914 / spread 8.76%) — efficient
Sentiment
Bullish or bearish?
6.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +7%, Raw: -10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +7% (neutral) — Raw: -10%
OI Skew Magnitude
≥15%|OI skew| 9.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +30.6%, OI skew +9.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 25%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +79%, ATM: -10%, OTM: -28% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 32% — bullish vs sector
Activity
Unusual activity?
4.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 7.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +9.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 72% — active vs sector
Trade Quality
≥30%Large trade volume 41% — institutional presence
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +7 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 8.8% — wide
Adequate OI
≥10,000OI 242,202 — deep
Active Volume
≥500Volume 18,565/day — active
Reasonable Cost
≤$0.50$0.44 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 12% — much tighter than sector
Order Book Depth
≥100 contractsDepth 113.60000000000001 contracts (bid:48.7 ask:64.9) — adequate
Execution Quality
<1.0%Avg slippage 5.86% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -6.2% — contango
IV Percentile Clarity
<30 or >70IV percentile 21% — buyer opportunity
Event Detection
≥10pts kinkIV kink -1.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 944.71 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +7% @ 54% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 71 (ITM 20% + inst 41%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call4.1
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.