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HD – Options Trader Tip Of The Week – Video

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Published : August 14th, 2022
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Category : Market Analysis

In the trader tip video below, Brian is having a look at HD (The Home Depot) stock. Looking at the charts, HD has been in a downtrend for most of 2022. It is off about 27% or so from its highs back in December and January timeframe. Longer term, HD seems to be an attractive company at an attractive price.

What we would like to do is get ourselves a trade structure that will allow us some leeway to stay in the trade for a while. And ride out any shorter terms ups and downs pretty well. We are looking at doing a call diagonal spread, going out to December or January, and buying an “at the money” call.

TO LEARN MORE ABOUT THE HD trade setup – WATCH THE VIDEO

Subscribers: Please let us know what you would like to learn, and we will add it to the roster of our weekly Technical Trader Tips!

Non-subscribers: Please enjoy these micro-lessons as a way to further your education and understanding of how a technical trader…well…trades!

TO EXPLORE THE STRATEGIES THAT BRIAN USES, PLEASE VISIT Optionstradingsignals.com. YOU’VE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!

Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.

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Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better. His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine, and featured in Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
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