Home Depot (HD) Offering Possible 25% Return Over the Next 15 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 $145.00 short put and a strike $140.00 long put offers a potential 25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $140.00 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

Home Depot Rival Lowe's Soars Into Buy Zone On Strong Outlook, Q4
Wed, 01 Mar 2017 21:57:33 GMT

Activist Campaign Drives Home Depot to Focus on Lead Paint
Wed, 01 Mar 2017 20:57:00 GMT
TheStreet – Under pressure from sustainable investment fund Arjuna Capital, the big box retailer agreed to bring more attention to the harms of lead paint to children.

Why Lowe's, Home Depot Are Winning in Crumbling Retail Sector; Plus Jim Cramer's Take
Wed, 01 Mar 2017 18:41:00 GMT

Lowe's forecasts strong sales growth this year, shares soar
Wed, 01 Mar 2017 17:48:25 GMT

Lowe’s Continues Home Improvement’s Winning Streak
Wed, 01 Mar 2017 16:40:00 GMT

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