Home Depot (HD) Offering Possible 16.82% Return Over the Next 31 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 $195.00 short put and a strike $185.00 long put offers a potential 16.82% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $8.56 would be incurred if the stock dropped below the $185.00 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 above 80 which suggests that the stock is in overbought territory.

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

How living ‘paycheck to paycheck’ helped teach this billionaire to be successful
Mon, 18 Jun 2018 12:59:00 +0000
Ken Langone is one of four co-founders of Home Depot HD and, at 82 years old, is worth $3.5 billion, according to Forbes . Having limited financial resources and working multiple jobs as a young person gave Langone skills and perspective that the businessman drew upon later in life to become successful, he says. My parents lived from paycheck to paycheck,” says the now multi-billionaire.

This Struggling Company Wants to Repurchase Nearly One-Third of Its Shares
Mon, 18 Jun 2018 12:02:00 +0000
Buying back one-third of your shares could be a brilliant move or a huge waste of cash.

See what the IHS Markit Score report has to say about Home Depot Inc.
Mon, 18 Jun 2018 12:00:36 +0000
Home Depot Inc NYSE:HD

Better Buy: Home Depot vs. Lowe's
Sun, 17 Jun 2018 16:03:00 +0000
Find out which home improvement retailer investors should prefer for the long haul.

Disruptor Alert: These 3 Companies Are Changing Retail
Sat, 16 Jun 2018 16:18:00 +0000
The retail industry is in flux. Find out how Stitch Fix, Home Depot, and Amazon are influencing its evolution.

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