Home Depot (HD) Offering Possible 17.37% Return Over the Next 10 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 $202.50 short put and a strike $197.50 long put offers a potential 17.37% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $202.50 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $197.50 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 76.04 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

Cramer Remix: Don’t own this entire sector, just the best…
Fri, 07 Sep 2018 23:17:00 +0000
Jim Cramer explains why he thinks Home Depot and Lowe’s will trounce Floor & Decor in the home improvement sector.

Final Trade: WYNN, BOX & more
Fri, 07 Sep 2018 21:41:00 +0000
The “Fast Money” traders share their final trades of the day, including Wynn Resorts, Box, Home Depot and Medtronic.

Real Estate Investing 101
Fri, 07 Sep 2018 21:24:00 +0000
It’s more than just builders — find out what you should know about investing in the housing sector.

What Drove Home Depot and Lowe’s Q2 Same-Store Sales Growth?
Fri, 07 Sep 2018 14:31:58 +0000
Home Depot (HD) has outperformed Lowe’s Companies’ (LOW) SSSG (same-store sales growth) in the second quarter. During the quarter, Home Depot posted an SSSG of 8.0%, outperforming analysts’ estimate of 6.6%. The company’s SSSG was driven by an increase in average ticket size of 4.9% and transaction growth of 2.9%.

3 Reasons to Buy and Hold Home Depot Stock
Fri, 07 Sep 2018 14:17:37 +0000
Home Depot (NYSE:HD) is the largest home-improvement retailer in the U.S., with a market cap of $236 billion. If the consumer sector is strong, they’re upgrading their appliances and doing DIY or renovation products. The thing is, even when the economy isn’t going gangbusters, Home Depot has found a way to make things work.

Be Sociable, Share!

Related Posts