HD looking to swing some $400 puts for about a month outHome Depot, Inc. stock forum
HD looking to swing some $400 puts for about a month out
HD Home Depot posted Q2 revenue of $45.3 billion, up 5% Y/Y and in line with expectations, while adjusted EPS came in at $4.68, missing by a penny. Growth was largely driven by the “Other” segment, reflecting last year’s SRS acquisition.Comparable sales rose 1% (below estimates), with U.S. comps up 1.4%. Smaller-ticket categories such as lighting, gardening, and basic repairs outperformed. Transactions slipped 0.4%, but average ticket size increased 1.4%. Online sales advanced about 12%, with 12 of 16 departments delivering positive comps. Both DIY and Pro demand strengthened, July U.S. comps were above 3%, and management noted that larger projects are being delayed rather than abandoned.
The company reaffirmed its full-year outlook: sales growth of nearly 3%, comps up about 1%, and adjusted EPS down roughly 2%. Management flagged modest price hikes later this year due to tariffs, though roughly half of products are U.S.-sourced, and said supply-chain diversification is being accelerated.
Home Depot continues to emphasize its Pro business, with the SRS integration generating synergies and the pending $4.3 billion GMS acquisition expected to expand its specialty building-products offering. While management sees potential tailwinds if mortgage rates decline, its guidance does not assume a near-term recovery in large, financed remodel projects.
HD lets go we going downputs!
HD In 397.50 puts expiring next week. Just had a break of structure on this name 399 support was floored through.
HD turining bullish
HD putting in a buy order
HD Permit numbers came in pretty much as expected. Starts came in better than expected. Price action will most likely follow the permits as they are forward looking.
I expect there could be a small pull back yet or consolidation period before climbing back up.
These numbers look good though going against
-%0.2 construction spending 3-3-25. If we get a positive report on construction spending on 4-1-25 we could recaputre some of the recent lost ground.
Overall thoughts for now is consolidation 340-360
Good april numbers we break higher, bad we look for 325 and below
HD you could literally short this stock every day.
HD I don't like it in this situation
HD 🔥 Scalping Strategy for Home Depot (HD):
🩸 Buy Zone: $387.00 - $390.00
🩸 Sell Zone: $395.00 - $400.00
🩸 Stop-Loss: Below $385.00
🩸 Breakout Targets:
Above $395.00 → $400.00 (+1.3%)
Below $387.00 → Short to $382.00 (+1.5%)
👑 Trade Rating: Short: 9/10 | Long: 6/10
🔥 LucanInvestor's Quote:
"The trend is your ally—never fight it blindly."