Home Depot (HD) Offering Possible 22.7% Return Over the Next 29 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 $275.00 short put and a strike $265.00 long put offers a potential 22.7% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $275.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $8.15 would be incurred if the stock dropped below the $265.00 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

Lowe’s Reports Earnings Today. Here’s What to Expect.
Wed, 19 Aug 2020 09:04:00 +0000
Lowe’s has seen big gains in 2020, but it has a high bar to cross when it reports second-quarter results.

Home Depot (HD) Q2 2020 Earnings Call Transcript
Tue, 18 Aug 2020 23:30:44 +0000
Joining us on our call today are Craig Menear, chairman, CEO, and president; Ted Decker, executive vice president of merchandising; and Richard McPhail, executive vice president and chief financial officer. Before I turn the call over to Craig, let me remind you that today's press release and the presentations made by our executives include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.

We're Back: S&P 500 Reaches All-Time High, Walmart, Home Depot Earnings, Oracle TikTok Play, Buffett Selling Stocks in 2020
Tue, 18 Aug 2020 22:27:22 +0000
Mega-cap tech stock surge pushed the index above the prior high, retail giants delivered huge quarters, and Berkshire sold a lot of stock in the first half of 2020.

US Stocks Close Mostly Higher Tuesday
Tue, 18 Aug 2020 22:14:29 +0000
S&P; 500 reports a new record Continue reading…

Here's What Warren Buffett Is Buying and Selling
Tue, 18 Aug 2020 20:58:49 +0000
Warren Buffett-led conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently released its latest snapshot of its stock portfolio, and to say that the second quarter was an active one would be an understatement. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the Oracle of Omaha's latest moves, including dramatic reductions in JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), and other bank stocks, as well as an addition to Berkshire's favorite REIT, STORE Capital (NYSE: STOR). All this and their latest stocks to watch on this week's installment!

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