Home Depot (HD) Nov volatility elevated at 40 into EPS and outlook
Home Depot (NYSE: HD) closed at $26.82. HD is expected to report Q3 EPS on November 17. RW Baird has Outperform rating on HD. HD November 26 straddle is priced at $1.62; December 26 is at $2.31. HD December and January option implied volatility of 32 is near its six-month average according to Track Data, suggesting non-directional price movement after EPS. Paul Foster
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