Home Depot into Aug EPS
As we all know spring / summer is christmas for HD. By looking at 3 years Historical charts we can see home depot has an increase in share price of greater than 10% from mid June right into earnings. I am an options trader so one way i plane to capitalize on this move is a Risk Reversal Spread. I plan to sell the Aug 210/220c, while at the same time selling the 175p. This will make my debit .66. nice risk to reward. For a safer approach i recommend just doing a call vertical spread 210/220 for !.60. Still a great r/r trade.
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