Home Depot Offering Possible 5.49% Return Over the Next 18 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 $80.00 short put and a strike $75.00 long put offers a potential 5.49% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $75.00 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

Final Glance: Specialty Retail companies
Tue, 04 Mar 2014 23:02:20 GMT

Final Glance: Specialty Retail companies
Tue, 04 Mar 2014 23:02:20 GMT
AP – Shares of some top specialty retail companies were mixed at the close of trading: Autozone Inc. rose $17.24 or 3.3 percent, to $534.40. Bed Bath & Beyond Inc. rose $.11 or .2 percent, to $64.11. Best Buy …

Is Lowe's The Future Of Home Improvement?
Tue, 04 Mar 2014 22:31:59 GMT

New home sales reached the highest level since July 2008 in January
Tue, 04 Mar 2014 21:00:06 GMT
Market Realist – The seasonally adjusted annual rate (or SAAR) came in at 468,000—the report’s highest reading since July 2008, when new home sales were estimated at 477,000.

Midday Glance: Specialty Retail companies
Tue, 04 Mar 2014 18:22:36 GMT

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