Home Depot (HD) Offering Possible 35.87% Return Over the Next 14 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 $315.00 short put and a strike $310.00 long put offers a potential 35.87% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock dropped below the $310.00 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 67.84 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

The Home Depot Foundation Commits $375,000 to Combat Veteran Homelessness in Baltimore
Wed, 30 Jun 2021 17:31:09 +0000
The Home Depot Foundation announced today its commitment of $375,000 to create additional housing for those experiencing and at-risk of homelessness in Baltimore in partnership with Project PLASE (…

Dow Jones Today Rises As Stocks Enter Final Q2 Session Mixed; June Hiring Tops Target; Walmart Surges On Insulin Deal
Wed, 30 Jun 2021 14:15:31 +0000
Moderna and AMD jumped, Walmart led the Dow Jones today as stocks were mixed heading into the final day of June.

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Wed, 30 Jun 2021 11:45:00 +0000
Retirees are burdened with some of the lowest interest rates in decades, making it difficult to find income from savings.

The Zacks Analyst Blog Highlights: Sally Beauty Holdings, Foot Locker, The Home Depot, Tapestry and Lowe's
Wed, 30 Jun 2021 10:40:10 +0000
The Zacks Analyst Blog Highlights: Sally Beauty Holdings, Foot Locker, The Home Depot, Tapestry and Lowe's

1 Dow Jones Stock That Could Double Your Money
Tue, 29 Jun 2021 15:30:00 +0000
Home Depot (NYSE: HD) may not fit your definition of a growth stock, but you might be surprised to learn that the stock has appreciated more than 1,500,000% since its IPO in 1981. Today, Home Depot is the leader of the massive home improvement retail segment, ahead of rival Lowe's, and is nipping at the heels of Walmart to be the world's most valuable brick-and-mortar retailer. First, mortgage rates are still at historical lows, with the 30-year fixed at around 3%.

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