CNBC’s Options Action Trade for Oct 2nd, 2017 – Home Depot (HD)

On Friday’s CNBC’s Options Action, the crew analyzed the performance of Home Depot stock. HD has recently underperformed the major indices that it is a component of, and may catchup into earnings season. Additionally, HD has recently just broken out to the upside of a big bullish triangle and has room to rally $10-15. Coupled with stronger fundamentals than it’s competitors and a bump in sales due to this season’s hurricanes may contribute to a strong earnings season. Expecting a move higher, Michael Khouw suggested buying a Oct/Jan 165 Call Calendar for a $3.60 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: HD Options Action

View this OptionsPlay on HD