Home Depot Calling

When you look back at some of the more fun jobs that you’ve ever had what pops up for you? One of my favs was decades ago when I worked for Home Depot. I even stayed on p/t when I became a cop working a few hours a week just to get to be there. The thing I liked most was the once a month Sunday night training, ( they no longer have that ) You got paid, fed dinner, and it was always good, no junk, single parents could bring their kids, so no babysitters to pay. The purpose was for training, you would go to different areas of the store and learn about them. I worked in a Millwork, ( windows and doors ) that and kitchen and bath are the 2 highest paying ones there because you not only need to know the products but you need to be extremely computer literate. They paid well for those 2 areas. So on those Sunday nights I learned how to thread pipe over in plumbing, cut curtains over in decor, and even mix paint!! 😃 

It took a while to learn everything that I did, but even longer to become good at it. What Home Depot is doing now is coming up out of a 5 year Cup w Handle formation. And it’s a good one. CPI numbers came in inline yesterday which was good for HD today. This formation offers a long range technical price target up into the $515.00 area

For Options traders the SEP 2024 and the JAN 2025’s are the best bet as they contain the highest OI. It should be noted also that Home Depot doesn’t offer Weeklies past SEP 27, 2024 Monthlies only at that point. Hence the mention of the JAN 2025 for some short term LEAPS. There is strong O.I there with the ATM Calls opening with a 0.59 Delta….. The heaviest buying is at the 400 Strike with over 3,100 contracts in play. Don’t be surprised if your hearing more about this one soon.

Invest wisely, live charitably and be well

Brother Bill