Home Depot Offering Possible 19.62% Return Over the Next 17 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 19.62% return on risk over the next 17 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 $0.82 would be kept by the premium seller. The risk of $4.18 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 63.36 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

J.C. Penney, Sears Torn in Different Directions on Prospects
Wed, 30 Oct 2013 22:36:10 GMT
Motley Fool – Home Depot again one of the Dow's best performers, despite today's pullback.

Moody's Downgrades Seven and Affirms Nine CMBS Classes of JPMCC 2004-CIBC10
Wed, 30 Oct 2013 22:31:24 GMT
Moody's – Approximately $1.14 Billion of Structured Securities Affected. New York, October 30, 2013– Moody's Investors Service downgraded the ratings of seven classes and affirmed nine classes of J.P. Morgan Chase …

Final Glance: Specialty Retail companies
Wed, 30 Oct 2013 22:03:17 GMT

Final Glance: Specialty Retail companies
Wed, 30 Oct 2013 22:03:17 GMT
AP – Shares of some top specialty retail companies were mixed at the close of trading: Autozone Inc. rose $.11 or percent, to $429.94. Bed Bath & Beyond Inc. rose $.06 or .1 percent, to $77.50. Best Buy fell …

Sears: Surviving for Today
Wed, 30 Oct 2013 22:00:00 GMT
TheStreet – Can Sears rebound? Brian Sozzi, CEO and Chief Equity Strategist of Belus Capital Advisors, weighs in on the fate of the department store.

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