Home Depot (HD) Offering Possible 43.27% Return Over the Next 10 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 $320.00 short put and a strike $315.00 long put offers a potential 43.27% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $320.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $3.49 would be incurred if the stock dropped below the $315.00 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 72.63 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 Foundation Invests $150,000 to Support Homeless Veterans in Milwaukee
Fri, 02 Jul 2021 17:01:16 +0000
July 2, 2021 /3BL Media/ – The Home Depot Foundation announced today it has invested $150,000 to renovate Vets Place Central, a Center for Veterans Issues housing facility that provides 76 transiti…

Earnings Growth & Price Strength Make Home Depot (HD) a Stock to Watch
Fri, 02 Jul 2021 13:15:01 +0000
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.

Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Thu, 01 Jul 2021 21:45:09 +0000
Home Depot (HD) closed the most recent trading day at $321.54, moving +0.83% from the previous trading session.

Home Depot Stock Could Generate A Fast 177% Profit With This Calendar Spread Option Strategy
Thu, 01 Jul 2021 17:30:50 +0000
The estimated maximum profit is around $430, but that can vary depending on changes in implied volatility.

Consumers Are Still Spending: Why It's Time to Consider Home Depot Stock
Thu, 01 Jul 2021 16:26:23 +0000
There is plenty of economic uncertainty in the world today. However, one thing is for sure: Consumers are still spending money. Empowered with cash from multiple fiscal stimulus payments, folks are not shy about shopping.

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