Home Depot (HD) Offering Possible 38.89% Return Over the Next 28 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 $322.50 short put and a strike $317.50 long put offers a potential 38.89% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $322.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $317.50 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 78.48 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

Is Home Depot Stock A Buy Right Now? Here's What Earnings, Charts Show
Wed, 21 Apr 2021 16:03:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?

Home Depot (HD) Dips More Than Broader Markets: What You Should Know
Tue, 20 Apr 2021 21:45:09 +0000
In the latest trading session, Home Depot (HD) closed at $323.96, marking a -0.88% move from the previous day.

Church Leaders Call For Boycott Of Home Depot Over Georgia Voting Bill
Tue, 20 Apr 2021 21:24:54 +0000
Black religious leaders in Georgia called for boycott of Home Depot Inc, accusing it of failing to take a stand against the state's voting bill

Activists Pressure Corporate Boards to Address Racial Justice, Voting Laws
Tue, 20 Apr 2021 19:46:00 +0000
Groups called on large asset managers to oppose all-white boards and adopt a host of other measures.

Boycott Home Depot? Religious leaders are upset with the company for not opposing Georgia’s new voting laws
Tue, 20 Apr 2021 18:57:00 +0000
A group of religious leaders is calling for a boycott of Georgia-based Home Depot, saying the home improvement giant hasn't done enough to oppose the state's new voting laws.

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