Home Depot (HD) Offering Possible 13.12% Return Over the Next 8 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 $182.50 short put and a strike $177.50 long put offers a potential 13.12% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 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 $177.50 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 73.46 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 (HD) Stock Sinks As Market Gains: What You Should Know
Tue, 05 Feb 2019 22:45:10 +0000
Home Depot (HD) closed at $186.39 in the latest trading session, marking a -0.02% move from the prior day.

The Home Depot hiring hundreds in Tampa and St. Pete
Tue, 05 Feb 2019 17:47:55 +0000
The Home Depot plans to hire 700 people in the Tampa Bay area in the coming months. The company, which has more than 2,000 retail stores across North America, announced Tuesday that it will be adding to its 400,000 employees, hiring across all positions including sales, cashiers, operations and online order fulfillment.

Simpson Manufacturing Inc (SSD) Q4 2018 Earnings Conference Call Transcript
Tue, 05 Feb 2019 00:09:35 +0000
SSD earnings call for the period ending December 31, 2018.

Super Bowl 2019 stadium owner Arthur Blank's best advice to new NFL owner David Tepper
Sun, 03 Feb 2019 21:37:41 +0000
Super Bowl 53 host and Atlanta Falcons owner Arthur Blank offers up good advice to new Carolina Panthers owner and hedge fund titan David Tepper.

3 Warren Buffett Stocks Worth Buying Now
Sun, 03 Feb 2019 16:30:00 +0000
Buffett fans could benefit by adding these three stocks to their holdings.

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