Home Depot (HD) Offering Possible 36.05% Return Over the Next 34 Calendar Days

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Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $315.00 short put and a strike $305.00 long put offers a potential 36.05% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock dropped below the $305.00 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

Is Home Depot Stock A Buy Right Now After Record Bookings? Here’s What Earnings, Charts Show
Thu, 15 Apr 2021 13:35:19 +0000
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?

Home Depot aims to step up delivery speed in South Florida with three new facilities
Thu, 15 Apr 2021 13:13:00 +0000
Home Depot Inc. has opened three distribution centers “from West Palm Beach and Miami to Fort Myers” in an effort to speed delivery times across South Florida. Two more Miami distribution centers are coming in 2022. The five facilities will create 150 jobs in the region. “These investments are helping us deliver to our Pro and DIY customers across South Florida when, where and how they want,” said Kyle Dennis, vice president of supply chain development, in a statement. Rival Lowe’s Cos. Inc. announced this week that it is stepping up its customer service to professional clients. Home Depot stock is up 20.5% for the year to date while the Dow Jones Industrial Average has gained 10.2% for the period.

The Home Depot Opens Three New Florida Distribution Centers
Thu, 15 Apr 2021 12:30:00 +0000
The Home Depot announced today that it has opened three new distribution centers across Florida, spanning from West Palm Beach and Miami to Fort Myers. The facilities will provide even faster delivery options to customers in the South Florida region. The company plans to open two additional Miami distribution centers in 2022. Together, these five facilities are expected to create more than 150 new full- and part-time jobs across the region.

The Home Depot Announces Winners of Retool Your School Historically Black Colleges and Universities Grant Program
Thu, 15 Apr 2021 12:00:00 +0000
For the 12th year of Retool Your School, The Home Depot® is doubling its commitment to $1 million and tripling its impact. This year, 30 campus improvement projects will be funded at Historically Black Colleges and Universities (HBCUs) – the most projects to be completed in one year through the program. Tougaloo College, one of the top performers this season, took first place in Cluster 3 and earned the Campaign of the Year award, winning a total of $120,000 from Retool Your School.

Home Depot (HD) Stock Moves -0.12%: What You Should Know
Wed, 14 Apr 2021 21:45:09 +0000
Home Depot (HD) closed the most recent trading day at $320.02, moving -0.12% from the previous trading session.

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