Home Depot (HD) Offering Possible 7.99% 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 $172.50 short put and a strike $167.50 long put offers a potential 7.99% 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 $172.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $167.50 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 44.76 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

Home Depot Falls 3%
Tue, 04 Dec 2018 20:02:01 +0000
Investing.com – Home Depot (NYSE:HD) fell by 3.13% to trade at $176.06 by 13:01 (18:01 GMT) on Tuesday on the NYSE exchange.

Fine-Tune a Defensive Strategy With This ETF
Tue, 04 Dec 2018 17:55:00 +0000
Buy this consumer-focused exchange-traded fund to add balance to your equity investments, and consider scooping up its sister ETF while you're at it.

At Home’s PE Valuation Compared to Its Peers’ ahead of Q3
Tue, 04 Dec 2018 14:02:13 +0000
On November 29, At Home Group (HOME) was trading at a 12-month forward PE ratio of ~19.0x. In contrast, Williams-Sonoma (WSM), RH (RH), Bed Bath & Beyond (BBBY), and Home Depot (HD) were trading at a 12-month forward PE ratios of 12.6x, 14.0x, 7.3x, and 17.2x, respectively.

At Home Stock Has Fallen 8.8%: What’s Causing the Decline?
Tue, 04 Dec 2018 12:32:32 +0000
As of November 29, At Home Group (HOME) stock has fallen 8.8% YTD (year-to-date) to $27.71. In comparison, RH (RH) and Williams Sonoma (WSM) stocks have delivered YTD gains of 8.1% and 32.9%, respectively. On the other hand, Home Depot (HD) and Bed Bath and Beyond (BBBY) have fallen 7.3% and 41.9%, respectively, YTD.

Dow futures lower | Sterling rises on Brexit news | Marlboro maker in pot talks
Tue, 04 Dec 2018 12:00:00 +0000
U.S. stock futures were lower this morning, continuing the erosion off the highs of yesterday's session, even though the day ended with gains. Investors are displaying caution over uncertainty involving the trade talks with China. Sterling quickly rose against the U.S. dollar after the legal advisor for the European Union's top court said today that the U.K. can cancel Brexit without asking for permission from other EU member states.

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