Best Buy (BBY) Offering Possible 41.64% Return Over the Next 20 Calendar Days

Best Buy's most recent trend suggests a bearish bias. One trading opportunity on Best Buy is a Bear Call Spread using a strike $108.00 short call and a strike $113.00 long call offers a potential 41.64% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $108.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $3.53 would be incurred if the stock rose above the $113.00 long call strike price.

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

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

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Best Buy

Customers Throng Best Buy Stores On News Of Limited PlayStation, Xbox Availability: Bloomberg
Thu, 23 Sep 2021 19:11:30 +0000
Customers flocked into Best Buy Co Inc (NYSE: BBY) stores following its advertisement of “limited quantities” of Sony Group Corp's (NYSE: SONY) PlayStation 5 and Microsoft Corp's (NASDAQ: MSFT) Xbox Series X, Bloomberg reports. The low stock of the last year's holiday bestsellers worsened by the pandemic, and online resellers played an essential role in driving the demand. The bots monitor e-commerce platforms for inventory changes, automatically placing orders on devices availability. Console m

Best Buy (BBY) Down 12.4% Since Last Earnings Report: Can It Rebound?
Thu, 23 Sep 2021 15:30:03 +0000
Best Buy (BBY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Target, Best Buy go big on inventory orders for holiday season
Mon, 20 Sep 2021 12:12:32 +0000
The nation's big retailers are making bigger bets on the fourth quarter, boosting inventory even as continued supply-chain issues worldwide make the process rife with potential hangups.

10 Stocks That Raised Their Dividend in 2021
Fri, 17 Sep 2021 14:03:19 +0000
In this article, we will be taking a look at 10 dividend stocks that raised their dividend in 2021. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Dividend Stocks That Raised Their Dividend in 2021. Dividend investing is not straightforward. That’s why expert income investors look at […]

The Zacks Analyst Blog Highlights: Abercrombie & Fitch, Best Buy, Signet Jewelers, Kohl's and Citi Trends
Fri, 17 Sep 2021 10:43:10 +0000
The Zacks Analyst Blog Highlights: Abercrombie & Fitch, Best Buy, Signet Jewelers, Kohl's and Citi Trends

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