Home Depot (HD) Offering Possible 7.53% Return Over the Next 30 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 $145.00 short put and a strike $135.00 long put offers a potential 7.53% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock dropped below the $135.00 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 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 Home Depot Announces Second Quarter Results; Updates Fiscal Year 2017 Guidance
Tue, 15 Aug 2017 10:00:00 +0000
The Home Depot Announces Second Quarter Results; Updates Fiscal Year 2017 Guidance

Home Depot earnings: $2.25 a share, vs $2.22 EPS expected
Tue, 15 Aug 2017 09:26:13 +0000
Home Depot has been benefiting from increased sales of more expensive items and from growth in the average shopper's ticket.

Home Depot: Buy or hold?
Mon, 14 Aug 2017 19:53:00 +0000
It's been a tough year for retail but is there still room to buy names like Home Depot? With Stacey Widlitz, SW Retail Advisors, and Dave Schick, Consumer Edge Research.

Jim Cramer — Why TJX Is Still a Holding in Our Portfolio
Mon, 14 Aug 2017 19:03:00 +0000
Home Depot and TJX have been acting terrible.

Retail earnings on deck
Mon, 14 Aug 2017 18:53:00 +0000
It's a big week for retail earnings. The "Halftime Report" traders debate which retail names investors should go shopping for.

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