Home Depot (HD) Offering Possible 61.29% Return Over the Next 15 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 $327.50 short put and a strike $322.50 long put offers a potential 61.29% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $327.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $322.50 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 67.2 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

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Circularity in Action: The Home Depot's Commitment to Composting and Sustainability
Tue, 03 Aug 2021 17:32:12 +0000
In Puget Sound, Washington, associates are turning trash into something customers can use. Flowers, soil, and other retired organic items are being composted instead of thrown away.

The Home Depot to Host Second Quarter Earnings Conference Call on August 17
Tue, 03 Aug 2021 12:00:00 +0000
The Home Depot®, the world's largest home improvement retailer, announced today that it will hold its Second Quarter Earnings Conference Call on Tuesday, August 17, at 9 a.m. ET.

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