Options price $15 move for Home Depot

Home Depot is heading into its first-quarter earnings report with the options market implying a move of about $15 a share by the end of the week. The company said on May 5 that it will report first-quarter results on Tuesday, May 19, at 9 a.m. ET. TipRanks reported on May 15 that the estimate was based on the May 22 weekly options chain, which spans the earnings event. Home Depot shares closed at $297.51 on May 15, according to Yahoo Finance. ### How large is the move options traders are pricing in? TipRanks said on May 15 that Home Depot options traders were pricing in a swing of roughly $15 a share after earnings. At a May 15 closing price of $297.51, that implies a move of about 5% in either direction, based on a simple comparison of the expected swing and the stock price. The May 22 weekly expiry matters because it is the first weekly contract to capture the company’s scheduled earnings release on May 19. Weekly options often draw attention around earnings because they concentrate trading on the period immediately after results. ### When does Home Depot report, and why does May 22 matter? Home Depot said on May 5 that it will hold its first-quarter earnings conference call on Tuesday, May 19, at 9 a.m. (tipranks.com) ET. The company’s investor relations calendar also lists May 19 for the first-quarter 2026 earnings release and May 21 for its annual meeting of shareholders. (ir.homedepot.com) The May 22 weekly options expiry falls three days after that report. That timing means the contracts reflect traders’ pricing for the immediate reaction to the earnings release and management’s comments on the conference call. That interpretation comes from the structure of the dated options around the event, not from any company statement. ### What has Home Depot told investors about 2026 so far? (ir.homedepot.com) Home Depot said on February 24 that fiscal 2026 total sales are expected to rise about 2.8%. The company also said comparable sales are expected to increase about 1.0% for the 52-week year. Ted Decker, Home Depot’s chair, president and chief executive, said in that February 24 release that fourth-quarter results were “largely in-line with our expectations,” while “consumer uncertainty and pressure in housing” continued. (ir.homedepot.com) Decker also said underlying demand was “relatively stable throughout the year” after adjusting for storms. (ir.homedepot.com) ### What did the company report last time? Home Depot reported on February 24 that fourth-quarter fiscal 2025 sales were $38.2 billion, down 3.8% from a year earlier. The company said comparable sales rose 0.4%, while diluted earnings per share were $2.58 and adjusted diluted earnings per share were $2.72. For the full fiscal year, Home Depot said sales were $164.7 billion, up 3.2%, and net earnings were $14.2 billion, or $14.23 per diluted share. (ir.homedepot.com) The company said it had more than 2,300 retail stores and called itself the world’s largest home improvement specialty retailer in its investor materials. (ir.homedepot.com) ### What should investors watch on May 19? May 19 will bring two pieces of new information: Home Depot’s first-quarter numbers and any update to the fiscal 2026 outlook it gave in February. Investors will also hear management’s comments on demand, housing-linked spending and comparable sales trends during the 9 a.m. ET conference call. (ir.homedepot.com) The next dated market marker after that report is the May 22 weekly options expiry cited by TipRanks. Home Depot’s earnings release and webcast details are posted on the company’s investor relations site, where the results and conference call materials are expected to appear on May 19. (ir.homedepot.com 1) (ir.homedepot.com 2)