Early trades in Home Depot (HD) include a 7400-contract block of Jan 40 calls on the 65-cent bid. It might be a liquidating trade, as open interest is 33,362 and currently the largest of the options on the home improvement retailer. Shares are down 32 cents to $34.76 and among twelve Dow stocks moving lower in early trading Monday. Shares have performed relatively well since June 10, up 3.7 percent since that time. Next earnings due mid-August.

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