Home Depot Offering Possible 11.61% Return Over the Next 32 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 $77.50 short put and a strike $72.50 long put offers a potential 11.61% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $72.50 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 65.1 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

Best Buy Plummets, Home Depot Shines on Earnings
Wed, 20 Nov 2013 00:10:10 GMT
Motley Fool – Dow breaks winning streak, Aeropostale jumps.

Home Depot's New High
Wed, 20 Nov 2013 00:04:12 GMT
Motley Fool – Another stellar quarter for Home Depot, but how much longer can this home-improvement retailer possibly run?

World stock markets dip, Iran weighs on Brent crude
Tue, 19 Nov 2013 23:55:45 GMT

Where Will Home Depot Go Post-Earnings?
Tue, 19 Nov 2013 23:53:03 GMT
Wall St. Cheat Sheet – Home Depot stock has been exploding at an increasing rate over the last couple of years and is currently trading near all time highs.

Johnson & Johnson Hip Accord Could Exceed $4B
Tue, 19 Nov 2013 23:45:34 GMT
Bloomberg – Nov. 19 (Bloomberg) — “Bottom Line” Host Mark Crumpton reports on the latest top news stories. (Source: Bloomberg)

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