Home Depot (HD) Offering Possible 10.38% Return Over the Next 24 Calendar Days

Home Depot's most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $91.00 short put and a strike $86.00 long put offers a potential 10.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $91.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $86.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 64.08 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Home Depot

PRESS DIGEST – Wall Street Journal – Sept 25
Thu, 25 Sep 2014 05:23:44 GMT
Reuters – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Chinese leaders are discussing replacing the central bank chief, …

[$$] Home Depot Was Hacked by Previously Unseen ‘Mozart' Malware
Thu, 25 Sep 2014 04:32:50 GMT
The Wall Street Journal – Federal security agencies warned retailers Wednesday that a previously unseen malicious software program they are calling Mozart was used in the attack on Home Depot earlier this year, people familiar …

Cramer Remix: Gains send intriguing message
Wed, 24 Sep 2014 22:59:08 GMT

Criminals Using Data Stolen in Home Depot Breach to Drain Accounts
Wed, 24 Sep 2014 22:56:43 GMT

Lightning Round: Home Depot, Coca-Cola & more
Wed, 24 Sep 2014 22:46:32 GMT

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