Home Depot (HD) Offering Possible 38.89% Return Over the Next 22 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 $215.00 short put and a strike $210.00 long put offers a potential 38.89% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $215.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $210.00 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 62.34 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

Blank Foundation gives BeltLine largest gift ever for Bellwood Quarry park
Tue, 27 Aug 2019 15:19:41 +0000
The Blank grant will accelerate the development of parks and trails along the 22-mile circular corridor – especially on the Westside.

Home Depot Shares Quietly See Big Buy Demand
Tue, 27 Aug 2019 11:18:08 +0000
A gain of 28.40% in 2019 for shares of Home Depot tells of a story of big demand for the shares. It’s bullish activity because the shares are heading higher on increasing volumes, indicating a buyer is involved.

Sports Retailers Tackled by Slowing Demand
Tue, 27 Aug 2019 05:00:00 +0000
Plenty of retailers popped on this quarter’s earnings, but the outlook is less rosy for the likes of Dick’s and Foot Locker.

Summer Doldrums Explode Along With Tariff War, Tweets
Tue, 27 Aug 2019 02:17:00 +0000
In the U.S., law and policymakers, business and financial potentates, and the self-styled media elite are into their mid-August to post-Labor Day summer breaks. Financial markets activity slows to a crawl, save for the outlier event or events that can cause violent price swings due to thin trading volumes. Americans awoke to the news that China would impose tariffs, effective Dec. 15, on $75 billion in American-made goods.

The 10 Biggest SRI Stocks
Mon, 26 Aug 2019 18:14:00 +0000
Fast-food and oil companies top this list of socially responsible investing stocks? Learn the surprising reasons why.

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