TBO - HD Update 7-30

7-30

HD is sliding. Be prepared to take action on the downside. DDA!

Ideas #2

BULLISH– Selling PUT Vertical

HD $345
Consider selling the HD 7AUG 327.5-317.5 PUT spread for roughly $1.15(min $0.90) with stock ABOVE $344 (current $345)

Consider HD 7AUG 327.5-317.5 PS

Risk: $10 vertical spread less premium collected of spread of $1.15 = $8.85 of risk

Max reward is $1.15

ATR: $9.19

Straddle: $15.55

Morph levels: Stock BELOW $333.04(7/20 Close) consider making an adjustment with market that is moving LOWER!