Best Buy (BBY) Offering Possible 51.06% Return Over the Next 21 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 51.06% return on risk over the next 21 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 $1.69 would be kept by the premium seller. The risk of $3.31 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


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Best Buy Canada Ltd., a wholly owned subsidiary of Best Buy Co., Inc. (NYSE: BBY) (“Best Buy Canada” or “Best Buy” or the “Company”) announced the launch of a new Mentorship and Acceleration Program (MAP) for Black and Indigenous tech entrepreneurs. As the country's largest omnichannel retailer – with a proven track record of bringing new technology products to market – Best Buy Canada wants to use its unique position to offer support to these underrepresented communities in the technology space

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