Home Depot (HD) Offering Possible 10.38% Return Over the Next 6 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 $150.00 short put and a strike $145.00 long put offers a potential 10.38% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 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 $145.00 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 74.61 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

Home Depot: Good Times? Good Times!
Thu, 10 Aug 2017 18:49:00 +0000
Home Depot (HD) and Lowe's (LOW) took a beating after Sears Holdings (SHLD) announced that it would start selling Kenmore appliances on Amazon.com (AMZN). They've made their losses back since then–and …

Home Depot Inc. Earnings: 3 Things to Watch
Thu, 10 Aug 2017 18:18:00 +0000
The key trends investors will be looking for in the home-improvement leader's earnings results next week.

Buy Home Depot before earnings due to booming housing sales: Jefferies
Thu, 10 Aug 2017 16:39:38 +0000
Jefferies predicts Home Depot will report better-than-expected sales next week, according to its retail checks.

Six Retail Stocks That Still Rule: Morgan Stanley
Thu, 10 Aug 2017 15:55:00 +0000
Analysts say spending is increasing but the spending funnel is narrowing, favoring the Big Six.

Why Kohl’s Corporation (KSS) Stock Is the Best of the Worst
Wed, 09 Aug 2017 14:59:26 +0000
Department stores are dying a slow and painful death at the hands of e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). While big names like Macy’s Inc (NYSE:M) have been taking most of the heat, Kohl’s Corporation (NYSE:KSS) is navigating the same choppy waters. One major thing that Kohl’s has going for itself is its physical locations.

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