Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, CryptoCurrency and NFTs

Thor Expert Advisor

You are not connected. Please login or register

Home Depot, Inc. (HD)

Go down  Message [Page 1 of 1]

1Home Depot, Inc. (HD) Empty Home Depot, Inc. (HD) Tue Jan 24, 2017 8:15 pm



Below is a daily chart of The Home Depot, Inc. (HD), $138.12.

[You must be registered and logged in to see this image.]

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

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum