Home Depot (HD) Offering Possible 57.48% Return Over the Next 31 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 $270.00 short put and a strike $260.00 long put offers a potential 57.48% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $270.00 by expiration. The full premium credit of $3.65 would be kept by the premium seller. The risk of $6.35 would be incurred if the stock dropped below the $260.00 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 56.15 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

US Indexes End Lower Friday and for the Week
Sat, 16 Jan 2021 21:36:40 +0000
Nasdaq up 1% for the year

Dow Jones Lower On Biden's $2 Trillion Stimulus Plan; U.S. Retail Sales Disappoint
Fri, 15 Jan 2021 20:12:34 +0000
The Dow Jones Industrial Average traded modestly lower in today's stock market but the major indexes did come off their lows of the day.

Dow Slides As Biden Stimulus Plan Raises These Fears; GM Reverses As IPO Stock Passes Buy
Fri, 15 Jan 2021 18:46:46 +0000
The Dow Jones slid lower amid fears Joe Biden's massive stimulus plan could lead to higher interest rates or tax hikes. GM stock reversed.

Companies donated $170M to GOP election objectors: RPT
Thu, 14 Jan 2021 20:44:23 +0000
Public Citizen's Research Director Mike Tanglis joined Yahoo Finance Live to discuss how $170 million was donated by companies to GOP election objectors and what this means for these politicians moving forward. 

Dow Jones Today, Stocks Mixed Ahead Of Second Trump Impeachment Vote; Intel Spikes On Leadership Change
Wed, 13 Jan 2021 15:00:46 +0000
GM was an early leader, and Home Depot topped the Dow, but futures dipped as Congress moved toward a vote to impeach President Trump.

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