Home Depot (HD) Offering Possible 7.3% 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 $162.50 short put and a strike $157.50 long put offers a potential 7.3% 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 $162.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $157.50 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 above 80 which suggests that the stock is in overbought territory.

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 Simple Reason Why I Won't Buy Home Depot, Inc. Stock
Sat, 07 Oct 2017 15:31:00 +0000
The chain has a solid business model that's resistant to changing market conditions, but it's still not for me.

3 Terrible Reasons to Sell Home Depot Inc. Stock
Sat, 07 Oct 2017 15:00:00 +0000
Why you might look back in a few years and regret selling this stock.

What Analysts Recommend for Home Depot
Fri, 06 Oct 2017 22:05:56 +0000
As of October 5, 2017, analysts are expecting Home Depot's (HD) stock price to reach $171.18 in the next 12 months, which represents a return potential of 3.1% from its current stock price.

Why Analysts Expect Home Depot’s EPS to Rise in Next 4 Quarters
Fri, 06 Oct 2017 20:35:54 +0000
In the next four quarters, analysts are expecting Home Depot (HD) to post EPS (earnings per share) of $7.77, which represents growth of 11.6% from $6.96 in the corresponding four quarters of the previous …

Why Home Depot Is Trading Close to Its 52-Week High
Fri, 06 Oct 2017 18:52:01 +0000
On October 5, 2017, Home Depot (HD) hit a new 52-week high of $166.25 and closed the day at $166.12.

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