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Home Depot has been in a steep downturn since mid-September. How to use options to bet on a bounce

Pelican Press

By Pelican Press,
in World News

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Home Depot (HD) has been in a steady slide, down about 12% over the last 18 days. While the downtrend is still intact, price is reaching a level where a mean-reversion bounce could set up. If support holds and momentum turns, this week might offer a defined-risk shot at a potential trend reversal. Support/Resistance Note the white line on the chart — it marks a long-term support zone near $380.

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