Home Depot (HD) Offering Possible 13.12% Return Over the Next 33 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 $81.00 short put and a strike $76.00 long put offers a potential 13.12% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $81.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $76.00 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 67.95 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 2Q profit climbs 14 percent
Tue, 19 Aug 2014 11:01:31 GMT

Home Depot 2Q profit climbs 14 percent
Tue, 19 Aug 2014 11:01:31 GMT

Strong spring sales help Home Depot beat estimates
Tue, 19 Aug 2014 11:01:15 GMT

Aug. 19 Premarket Briefing: 10 Things You Should Know
Tue, 19 Aug 2014 10:54:00 GMT

[$$] Home Depot's Earnings, Outlook Rise
Tue, 19 Aug 2014 10:37:02 GMT

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