Home Depot earnings 5/17Home Depot (HD) reported Q4 January 2022 earnings of $3.21 per share on revenue of $35.7 billion. The consensus earnings estimate was $3.20 per share on revenue of $34.8 billion. Revenue grew 10.7% on a year-over-year basis. The company said it expects fiscal 2023 earnings growth in the low single digits, or earnings of approximately $15.92 per share, with revenue slightly above $151.15 billion. The current consensus earnings estimate is $16.13 per share on revenue of $153.88 billion for the year ending January 31, 2023.
Great risk : reward long entry here, imo. Heading into April Spring weather, death cross completed, sitting at major support & 52 week low, earnings in 6 weeks.. Here's levels on the 1 day chart:
Q1 April 2022 Consensus:
EPS: $3.67
Revenue: $36.44 B
P/E: 19.8
Div/yld: 2.14
52 week high = $420
52 week low = $299
SMA200 =$350
SMA150 = $359
SMA100 = $367
SMA50 = $337
breakout = $342
R3 = $336
R2 = $330
R1 = $323
pivot = $317
S1 = $311
S2 = $304
S3 = $298
breakdown = $292
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*options use 100x leverage you could lose everything*
There are many types of options trading strategies and positions, simple to sophisticated & hybrids. I group them into theta, delta or mix strategies and bull, bear or neutral positions. There's a buy side and sell side to every trade. If you check the open interest (OI), you can see how liquid it is. Check how wide the bid vs ask spread is.
Theta:
iron condor
iron fly
covered call
cash secured put
calendar spread
collar
Delta:
call
put
straddle
strangle
debit spread
credit spread
Bull:
call
put credit spread
call debit spread
cash secured put
Bear:
put
call credit spread
put debit spread
covered call
Neutral:
straddle
strangle
iron condor
iron fly
collar (often used for downside insurance)
calendar spread (short or long time)
Options important variables:
Strike = share price
itm, atm, otm = strike position
Expiry = Date of expiration
Value = H, L & Mark
Liquidity = bid vs ask spread
Direction = put or call
OI = open interest
V = volume
CP = chance of profit
IV = implied volatility
Delta = price
Theta = time
Vega = volatility
Gamma = momentum
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
