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Home Depot (HD - 37-3/8) reported third-quarter earnings this morning. The company earned 28 cents per share, in line with previously lowered Wall Street expectations. The company also reinforced its full-year earnings projection from $1.16 to $1.17.
In yesterday's option activity on HD, the most-active options in both the November and December series were puts. The November 35 put saw over 4,100 contracts change hands, with about 2,600 of these contracts translating into new open interest. Just over 2,800 contracts crossed the tape on the December 40 put, with virtually all of this volume translating into new open interest.