01 — HD · COVERED CALLS

Best HD covered calls setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Mega-cap home-improvement retailer with options flow tied to housing turnover and pro-customer mix.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Home Depot
Consumer Discretionary
HD
$317.45-6.5% / 30d
IV rank (1y)
68.8% · elevated
Next earnings
May 19
Market cap
$316.2B
P/E (fwd)
19.5
Dividend
$9.23 · Mar 12
Option vol
4K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on annualized return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick
$330 call · May 29
21 DAYS · 2.3% OTM · SELL TO OPEN
Credit
$597
Annualized
32.16%
PoP
66%
StrikeExpirationCreditAnnualized PoP
$330
2.3% OTM
Jun 12
35 days
$980
$9.80 / share
31.68%63%
$330
2.3% OTM
Jun 5
28 days
$700
$7.00 / share
28.28%64%
$335
3.8% OTM
Jun 5
28 days
$600
$6.00 / share
24.24%71%
$335
3.8% OTM
May 29
21 days
$445
$4.45 / share
23.97%72%
$335
3.8% OTM
Jun 12
35 days
$615
$6.15 / share
19.88%69%
$340
5.4% OTM
Jun 12
35 days
$485
$4.85 / share
15.68%74%
$475
47.2% OTM
May 29
21 days
$0
$0.00 / share
0%70%
$430
33.3% OTM
Jun 5
28 days
$0
$0.00 / share
0%70%
$435
34.8% OTM
Jun 5
28 days
$0
$0.00 / share
0%70%
10 of 34 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $330 call · 21 DTE

$0+$1,333losses$316.67 BREAKEVEN$330 STRIKE

Key numbers

Premium collected+$597
Max profit+$1,333
Breakeven$316.67
Capped above$330
Probability of profit66%
Days to expiration21

When this trade makes sense

Use when

  • You already own 100+ shares of the stock
  • You'd be fine selling at the strike price
  • You think the stock goes flat or slightly up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to rip higher
  • You're attached to the shares (tax, conviction)
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on HD.

Option Agent scans live chains and recommends setups based on current market conditions.

Analyze HD free →

Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.