Home Depot has been in a steep downturn since mid-September. How to use options to bet on a bounce

Home Depot (HD) has been in a steady slide, down about 12% over the last 18 days. While the downtrend is still intact, price is reaching a level where a mean-reversion bounce could set up. If support holds and momentum turns, this week might offer a defined-risk shot at a potential trend reversal. Support/Resistance Note the white line on the chart — it marks a long-term support zone near $380. Over the past six months, price has reacted there several times on both bounces and pullbacks. We're back at that level now, and after tagging support, HD is starting to show some signs of life. MACD (Moving Average Convergence Divergence) The MACD is a reliable reversal gauge. While the standard (12, 26, 9) settings are popular, they can lag, so I often switch to (5, 13, 5) for a quicker read. On H