Home Depot (HD) Offering Possible 5.49% Return Over the Next 7 Calendar Days

This article was originally published on this site

Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $162.50 short put and a strike $157.50 long put offers a potential 5.49% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $162.50 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 $157.50 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 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

Home Depot Inc (HD) Stock Could Soar on Tax Reform
Wed, 11 Oct 2017 11:14:56 +0000
All in all, the reasons to own HD stock stretch far and wide. Granted, topline momentum looks as good as ever, but it looks like Home Depot is starting to max out on its ability to leverage operating expenses. Does that mean HD stock is a sell?

Mellody Hobson on Why There Aren’t More Black Women Execs
Tue, 10 Oct 2017 21:41:50 +0000
In short: “We’re not moving fast enough.”

[$$] Home Depot Democrats?
Tue, 10 Oct 2017 19:03:10 +0000
Millennials who went for Obama are now becoming homeowners.

How Home Depot’s Dividend Yield Has Trended
Mon, 09 Oct 2017 18:06:24 +0000
Home Depot (HD) posted a 7% increase in net sales for 2017 compared to 6.4% in 2016 and 6% in 2015.

Home Depot Inc (HD) Stock Is Quickly Becoming a Great E-Commerce Investment
Mon, 09 Oct 2017 16:32:19 +0000
Last month, Home Depot Inc (NYSE:HD) unveiled a clever little tool that allows consumers that own Google Home devices — the voice-activated smart-home interface from Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) — to order goods from the retailer with nothing more than a spoken word. It may not be a reason in and of itself to buy HD stock, but it’s certainly an interesting side story. For Home Depot’s voice-ordering option is a microcosm of how well this hardware store is winning the online war it’s waging — not just against Lowe’s Companies, Inc. (NYSE:LOW), but against Amazon.com, Inc. (NASDAQ:AMZN) as well.

Be Sociable, Share!

Related Posts