The Dow Jones Industrial Average has notched a string of record highs lately as the index closes in on the 22,000 level for the first time. But the Dow is a funny index, composed of just 30 stocks, some big winners and some bigger losers.
Consider that one winning stock, Boeing (BA), has by itself accounted for 400 of the last 1,000 Dow points!
At the other end of the spectrum, Home Depot Inc. (HD) is doing its best to drag down the Dow. HD is down 6.5% from its recent high after a series of negative news for the home improvement retailer. We see more downside ahead in HD shares and here’s how to profit from it …
We recommend put options on Home Depot Inc. (HD).
Here’s what to do right away:
Using 2.5% of the funds you have allocated to this service, buy October 20, 2017, Home Depot Inc. (HD) put options, with a strike price of $145, symbol HD171020P00145000 at $2.85 or better to open. This order is good-till-canceled.
Hold all other positions and stay tuned for new trades coming your way again very soon.
Good investing,
Mike and David
