Home Depot (HD) Offering Possible 29.2% Return Over the Next 21 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 $307.50 short put and a strike $302.50 long put offers a potential 29.2% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $307.50 by expiration. The full premium credit of $1.13 would be kept by the premium seller. The risk of $3.87 would be incurred if the stock dropped below the $302.50 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 50.41 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) Dips More Than Broader Markets: What You Should Know
Wed, 23 Jun 2021 21:45:09 +0000
Home Depot (HD) closed at $311.67 in the latest trading session, marking a -0.33% move from the prior day.

Grant Provides Navajo Nation Veterans Permanent Housing
Wed, 23 Jun 2021 19:51:06 +0000
June 23, 2021 /3BL Media/ – The Home Depot Foundation today announced it has invested more than $135,000 to turn COVID-19 shielding shelters into permanent housing for U.S. military veterans in the…

The ‘shelter in suburbia’ trade is about to reverse — and these stocks will suffer
Wed, 23 Jun 2021 14:10:00 +0000
One of the biggest investment stories of the COVID-19 pandemic has been the boom in consumer discretionary stocks with a “shelter in suburbia” theme. Take the broad-based Vanguard Consumer Discretionary Index Fund ETF (VCR) that surged more than 90% from March 2020 to March 2021. As one Wall Street insider said recently in a Bloomberg interview, a “huge unwind” is coming for stay-at-home stocks, including hardware stores and home-goods merchants.

Is Home Depot Stock A Buy Right Now After Reporting Strong Earnings?
Wed, 23 Jun 2021 13:30:19 +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?

The Home Depot Launches Online Rental Reservations; Opens New Rental Locations
Wed, 23 Jun 2021 12:00:00 +0000
The Home Depot is enhancing the customer experience at its 1,300 rental locations with the launch of new “Rent Online, Pick-up In Store” technology.

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