Home Depot (HD) Offering Possible 44.93% Return Over the Next 17 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 $315.00 short put and a strike $310.00 long put offers a potential 44.93% return on risk over the next 17 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 $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $310.00 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 27.83 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

Be Sure To Check Out The Home Depot, Inc. (NYSE:HD) Before It Goes Ex-Dividend
Mon, 31 May 2021 05:29:59 +0000
The Home Depot, Inc. ( NYSE:HD ) stock is about to trade ex-dividend in day or so. The ex-dividend date occurs one day…

GrowGeneration Stock Had a Terrible Quarter: Here's Why It's Still a Buy
Sat, 29 May 2021 12:10:00 +0000
GrowGeneration (NASDAQ: GRWG) experienced a massive surge in 2020 as it began to stand out among hydroponics retailers. Investors should realize that the issue relates to GrowGeneration stock, not the company itself. After the recent pullback, the stock trades near the levels it had reached on Jan. 1.

Retail and Entertainment News on Wall Street
Fri, 28 May 2021 18:20:00 +0000
AT&T's (NYSE: T) WarnerMedia agrees to merge with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) to make a new entertainment juggernaut. Twilio (NYSE: TWLO) and Snap (NYSE: SNAP) rise after each makes a big acquisition.

Did Lowe's Gain Market Share in Q1?
Fri, 28 May 2021 12:59:21 +0000
Earlier in May, Home Depot (NYSE: HD) reported first-quarter results that were far better than expected. Similarly, when Lowe's (NYSE: LOW) reported first-quarter results, it beat analyst estimates by a wide margin. Using those results, let's try to uncover whether Lowe's gained market share in a quarter where the home improvement market grew robustly overall.

XPO Logistics, Rocket Companies, Home Depot, Target and Daqo New Energy highlighted as Zacks Bull and Bear of the Day
Fri, 28 May 2021 12:49:12 +0000
XPO Logistics, Rocket Companies, Home Depot, Target and Daqo New Energy highlighted as Zacks Bull and Bear of the Day

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