Home Depot (HD) Offering Possible 31.93% Return Over the Next 3 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 $412.50 short put and a strike $407.50 long put offers a potential 31.93% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $412.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $407.50 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 56.84 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

Prudential Investment Portfolios, Inc. Buys Block Inc, The Home Depot Inc, HubSpot Inc, Sells …
Sat, 11 Dec 2021 07:38:04 +0000
Investment company Prudential Investment Portfolios, Inc. (Current Portfolio) buys Block Inc, The Home Depot Inc, HubSpot Inc, MercadoLibre Inc, Sea, sells Spotify Technology SA, Union Pacific Corp, Safran SA, Match Group Inc, RingCentral Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Prudential Investment Portfolios, Inc..

Thank You to the 500,000 Associates That Make the Holidays Happen!
Fri, 10 Dec 2021 14:04:24 +0000
Whether Santa shops here or not is still to be determined. But, we do know some people who know a thing or two about giving. To our almost 500,000 associates who make the holidays happen, thank you!

RH Rises 11.5% on Q3 Earnings Beat, Ups '21 View on Solid Demand
Thu, 09 Dec 2021 15:35:03 +0000
RH's fiscal third-quarter 2021 results benefit from solid home furnishing industry trends and business model.

Dow Jones Drops As Jobless Claims Fall To 52-Year Low; Apple Hits More Highs; Lucid Motors Dives On Debt Offering
Thu, 09 Dec 2021 14:59:28 +0000
The Dow Jones Industrial Average fell 140 points Thursday, as jobless claims reached a 52-year low. Lucid Motors tumbled on a debt offering.

Did Lowe's Have a Good Third Quarter?
Thu, 09 Dec 2021 12:30:00 +0000
Home improvement retailer Lowe's (NYSE: LOW) was a stalwart in the earlier days of the pandemic. In this segment of Backstage Pass, recorded on Nov. 17, Fool contributors Brian Withers and Parkev Tatevosian discuss the company's third-quarter earnings report. Brian Withers: Parkev, yesterday we talked Home Depot.

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