Home Depot (HD) Offering Possible 19.05% 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 $325.00 short put and a strike $315.00 long put offers a potential 19.05% 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 $325.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $8.40 would be incurred if the stock dropped below the $315.00 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 66.56 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 After Earnings?
Wed, 15 Sep 2021 16:47:19 +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?

Earnings Growth & Price Strength Make Home Depot (HD) a Stock to Watch
Wed, 15 Sep 2021 13:30:01 +0000
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Here's Why Home Depot Stock Could Make You Richer
Wed, 15 Sep 2021 12:28:05 +0000
The home-improvement retailer's stock price is up more than 160% over the past five years and has room to go higher still.

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Wed, 15 Sep 2021 11:50:00 +0000
Goldman will pay roughly $12 a share in stock for GreenSky, which arranges loans for big one-time purchases like construction projects or cosmetic surgery.

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