Best Buy Offering Possible 23.15% Return Over the Next 25 Calendar Days

Best Buy’s most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 23.15% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $37.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Best Buy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Best Buy is bullish.

The RSI indicator is at 75.33 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Best Buy

1 Retailer in Serious Trouble
Wed, 23 Oct 2013 00:01:56 GMT
Motley Fool – These earnings were absolutely abysmal. Is this the end for RadioShack?

Carl Icahn Sells Half of His Netflix Stake, Thanks Reed, Kevin
Tue, 22 Oct 2013 21:44:41 GMT
The Wall Street Journal – Like some blockbuster movies, Netflix flew out of the gates only to bomb when the reviews rolled in on Tuesday, and even hedge-fund titan Carl Icahn took some profits.

RadioShack’s new CEO has his work cut out for him
Tue, 22 Oct 2013 18:46:00 GMT
MarketWatch – RadioShack Corp.’s new CEO Joe Magnacca is asking for patience, but he doesn’t look to be getting much Tuesday as shares plunge.

Best Buy Determined to Turn Around
Tue, 22 Oct 2013 18:32:08 GMT
Motley Fool – Best Buy’s turnaround efforts have met with approval from investors so far.

Firm says flat panel TV shipments to drop in second half of 2013
Tue, 22 Oct 2013 18:04:26 GMT
theflyonthewall.com – Firm says flat panel TV shipments to drop in second half of 2013

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