Home Depot (HD) Offering Possible 36.99% Return Over the Next 24 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 $237.50 short put and a strike $232.50 long put offers a potential 36.99% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $232.50 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 69.71 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

Mom and Pop Retailers Are Struggling During the Lockdowns. Big Box Giants Are Thriving.
Sun, 24 May 2020 14:17:00 +0000
Big-box chains will gobble up even more business from struggling smaller chains. That bodes well for their shares.

These Are the Least-Volatile Stocks Right Now
Sun, 24 May 2020 13:46:00 +0000
The market’s least-volatile stocks look very different today than they did just three months ago, thanks to the disruptions caused by the Covid-19 pandemic.

Why Retailers Are Spending More
Sat, 23 May 2020 17:19:00 +0000
In this episode of MarketFoolery, Chris Hill and Motley Fool analyst Ron Gross discuss all things retail. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Ron Gross: Good to see you, Mr. Chris Hill.

US STOCKS-Wall Street ends mixed as China-U.S. tensions weigh
Fri, 22 May 2020 20:13:42 +0000
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus. President Donald Trump's warning on Thursday that the U.S. would react strongly to China's plan for a national security law in Hong Kong has raised concerns over Washington and Beijing's possibly reneging on their Phase 1 trade deal. Late in the session, stocks edged lower after the U.S. Commerce Department said it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns.

US STOCKS-Wall St flat amid Sino-U.S. tensions, economic uncertainty
Fri, 22 May 2020 17:36:05 +0000
U.S. stock indexes moved in a flat-to-low range on Friday as investors gauged Sino-U.S. tensions amid continued uncertainty over the pace of economic recovery from the coronavirus. President Donald Trump's warning on Thursday that the U.S. would react strongly to China's plan for a national security law in Hong Kong raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. The rhetoric knocked Wall Street off multi-month highs, although the main indexes were still set to add between 2.8% and 3.1% for the week on optimism over a vaccine and the easing of virus-related curbs.

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