Best Buy (BBY) Offering Possible 54.8% Return Over the Next 22 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 $76.00 short put and a strike $71.00 long put offers a potential 54.8% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $76.00 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.23 would be incurred if the stock dropped below the $71.00 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 68.79 level which suggests that the stock is neither overbought nor oversold at this time.

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

See what the IHS Markit Score report has to say about Best Buy Co Inc.
Tue, 26 Jun 2018 12:01:11 +0000
Best Buy Co Inc NYSE:BBY

Best Buy (BBY) Up 8.9% Since Earnings Report: Can It Continue?
Mon, 25 Jun 2018 08:38:08 +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.

Best Buy (BBY) Up 15% in 3 Months: Will the Momentum Sustain?
Fri, 22 Jun 2018 14:00:02 +0000
In an effort to drive growth, Best Buy (BBY) is focused on expansion of multi-channel retail business, offering services and solutions that solve customers' needs.

3 Retail Stocks That Could Become Takeover Targets
Thu, 21 Jun 2018 19:16:47 +0000
GameStop (NYSE:GME) recently reported that it had held talks “with third parties regarding a potential transaction.” Of course, the disclosure led to speculation that the video game retailer was in negotiations about selling itself, sparking a rally in GameStop stock. Whoever is interested in buying GameStop probably feels that its diversification efforts — including selling Apple Inc (NASDAQ:AAPL) and AT&T Inc (NYSE:T)  products — will enable it to raise its 0.04% profit margin and thrive in the changing retail landscape. For example, Best Buy (as I  predicted in 2015) has thrived by selling and providing expertise on exciting new consumer electronic products. The retailer has succeeded largely because Amazon is unable to offer the same face-to-face expertise.

3 Indirect Internet of Things Stocks to Play the Growing IoT Space
Thu, 21 Jun 2018 14:07:01 +0000
Instead, tech firms heavily emphasize connectivity, which represents the core basis of the “internet of things.” Considering the trend toward IoT, you’ll want to consider internet of things stocks sooner rather than later. In short, the internet of things refers to the connectivity among everyday, digital devices to the internet. Simply put, the IoT progression will never cease.

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