Home Depot (HD) Offering Possible 33.33% Return Over the Next 17 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 $282.50 short put and a strike $277.50 long put offers a potential 33.33% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $282.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $277.50 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 63.95 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

The Home Depot, Inc. (HD): Hedge Funds Taking Some Chips Off The Table
Fri, 28 Aug 2020 19:04:20 +0000
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

The Home Depot Foundation Increases Disaster Response Commitment to $4 Million to Further Assist Communities Impacted by Hurricane Laura
Fri, 28 Aug 2020 18:29:00 +0000
The Home Depot Foundation today announced that it is increasing its disaster response commitment for 2020 to $4 million to further support community relief and long-term rebuilding efforts in the states impacted by Hurricane Laura. These funds add an incremental $500,000 to those already in use by its nonprofit partners and previous in-kind donations in response to this and other storms that have occurred this year.

3 Stocks to Build Your Portfolio Around
Fri, 28 Aug 2020 10:26:00 +0000
Eli Lilly (NYSE: LLY), Home Depot (NYSE: HD), and Microsoft (NASDAQ: MSFT) — offer not only stability but dividends, and together, they can help diversify your portfolio. Eli Lilly's diverse product mix means its products help a variety of different patients. Eli Lilly released second-quarter results on July 30 for the period ending June 30, and sales were down a modest 2% year over year.

Home Depot (NYSE:HD) Could Be A Buy For Its Upcoming Dividend
Fri, 28 Aug 2020 10:13:39 +0000
It looks like The Home Depot, Inc. (NYSE:HD) is about to go ex-dividend in the next four days. This means that…

Why Overstock.com Sank 12% Today
Thu, 27 Aug 2020 20:38:08 +0000
What happened The share price of online retailer Overstock.com (NASDAQ: OSTK) dropped 17% earlier today, before closing down just over 12%. And the reason may have nothing directly to do with the retail sector.

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