It's Almost Spring - Home Depot
On Monday I talked about two things. First I talked about catching Tesla dropping in price as the markets sold off after a super strong initial surge upwards. Then I talked about Calls on a stock called Super Micro Computer and how it's seventy one year old co-founder got arrested causing the stock to drop over 30% in one day and playing it using Calls for a slight rebound. Both of those situations were one day, relatively straight forward trades. This blog today on Tuesday leading into Wednesday is different. Home Depot jumped upwards in price on Monday partly on "self-promotional" news and then dropped a touch. Here we now are looking a Home Depot at 1:30 p.m. on Tuesday. As you can see it has rebounded somewhat. The DJIA is trading relatively flat. .... It's a good news story but might it be running out of steam? Once again, at 1:30 p.m. according to the volume of Puts bought it looks like it is not going to. Traders do not appear to be jumping into the downside. ...
