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dzonefx
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Number of messages : 586
Points : 3458
Date of Entry : 2013-01-29
Year : 48
Residence Country Residence Country : Beograd

ma1 Home Depot, Inc. (HD)

on Tue Jan 24, 2017 8:15 pm
Below is a daily chart of The Home Depot, Inc. (HD), $138.12.

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Trade:  Over $138.50, we recommend two bullish trades:  (1) buy 10 Feb (24 DTE) $137 calls (currently $6.70/share); and (b) selling 10 Feb $133/127 bull put spread (24 DTE) at midpoint (currently .61/share).  On the long call, we will look to leg into a bull diagonal (i.e., shorting weekly OTM calls against the long Feb call) over time.

Strategy:  Bullish Wide Range Bar (+WRB) breakout yesterday from bullish consolidation on daily and weekly charts.
Max Gain:   Unlimited on long call; credit received on bull put spread.
Max Loss:  Debit on long call; spread width less credit received on put spread.
Stop Loss:  $134.28

source: mastertrader
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