Home Depot (HD) Offering Possible 49.25% Return Over the Next 22 Calendar Days

view original post

Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $330.00 short put and a strike $325.00 long put offers a potential 49.25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $330.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $325.00 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 at 63 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

You’re Just in Time to Buy This Value Stock
Mon, 20 Sep 2021 11:20:00 +0000
After what has been an impressive bull market since the depths of the pandemic, you’ll want to take a look at this rare deal.

Better Buy: Home Depot vs. Lowe’s
Sat, 18 Sep 2021 10:00:00 +0000
On this episode of The Five, Motley Fool contributors Jason Hall, Auri Hughes, and Taylor Carmichael discuss their favorite rebuilding stocks. Jason Hall compares mega-caps Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW), and suggests that one of these stocks is stronger than the other. Jason Hall: I’m going to second Taylor’s comments about Home Depot and Lowe’s, and I really wanted to focus on like the bigger picture opportunity because I think it’s easy with those companies because of their size.

When Disaster Hits, Buy This Stock
Sat, 18 Sep 2021 03:45:00 +0000
Motley Fool contributors Jason Hall and Taylor Carmichael and analyst Auri Hughes had a great discussion on The Five about “disaster” stocks. Taylor put forth his favorite stock for when disaster strikes: Home Depot (NYSE: HD). What I wanted to focus on today, Taylor, I’m going ask you to kick us off here.

Home Depot (HD) Up 3.7% Since Last Earnings Report: Can It Continue?
Thu, 16 Sep 2021 15:30:03 +0000
Home Depot (HD) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

Is Home Depot Stock A Buy Right Now After Earnings?
Wed, 15 Sep 2021 16:47:19 +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?

Be Sociable, Share!

Related Posts