Best Buy (BBY) Offering Possible 8.58% Return Over the Next 8 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 $110.00 short call and a strike $120.00 long call offers a potential 8.58% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $9.21 would be incurred if the stock rose above the $120.00 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 at 21.64 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

Here's What We Like About Best Buy's (NYSE:BBY) Upcoming Dividend
Wed, 08 Dec 2021 09:09:05 +0000
It looks like Best Buy Co., Inc. ( NYSE:BBY ) is about to go ex-dividend in the next four days. The ex-dividend date is…

Stores Like Home Depot and Best Buy Bolster Security After ‘Flash Mob’ Robberies
Fri, 03 Dec 2021 22:05:00 +0000
Thefts during the busy holiday shopping season mark an increase in intensity because of the size of the criminal groups and the organized nature of the crimes, said retail and security executives.

Retailers confront ‘perfect storm' as thefts skyrocket, public safety breaks down
Fri, 03 Dec 2021 17:11:54 +0000
Fallout from the COVID-19 pandemic, overwhelmed law enforcement, and deteriorating public safety.

Manscaped CEO on going public: ‘We have grown way beyond the groin'
Thu, 02 Dec 2021 16:10:08 +0000
Manscaped Founder and CEO Paul Tran joins Yahoo Finance Live to discuss the grooming brand's outlook as it expands into the lifestyle space and plans to trade publicly via a SPAC deal.

Earnings Roundup: Best Buy, Dick's Sporting Goods, Zoom Video
Thu, 02 Dec 2021 15:27:52 +0000
Motley Fool analyst Asit Sharma analyzes all three and shares why he believes the short-term pain for shareholders should be buoyed by the strength of each business. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.

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