Best Buy (BBY) Offering Possible 9.41% Return Over the Next 34 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 $60.00 short put and a strike $55.00 long put offers a potential 9.41% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $55.00 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 78.77 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

[$$] Best Buy Founder Continues Big Stock Sales
Thu, 14 Dec 2017 23:00:00 +0000
A week doesn’t seem to go by without Best Buy founder Richard M. Schulze selling large blocks of stock. Schulze’s latest transactions are the sale of 675,000 Best Buy (ticker: BBY) shares through a trust …

Why Best Buy Co Inc Stock Is Beginning To Look Overvalued
Thu, 14 Dec 2017 17:02:29 +0000
Since a big post-earnings rally in May 2017, it seemed like nothing could break Best Buy Co Inc (NYSE:BBY) stock out of its $50 to $60 trading range. Best Buy stock dropped big in July on news that Amazon.com, Inc.  (NASDAQ:AMZN) would be rolling out its own Geek Squad tailored specifically to smart home installations. Best Buy stock rebounded from that sell-off, only to drop big again in late August after second-quarter earnings hinted at elevated competition, causing gross margin weakness.

General Electric Company Stock Finally Is a Reasonable, If Risky, Buy
Thu, 14 Dec 2017 13:13:50 +0000
General Electric Company (NYSE:GE) has had a tough go of it, which is reflected in the GE stock price. Are you a proponent of the so-called efficient market hypothesis, which assumes that at any given time, all information about a company is reflected in that company’s stock price? On a less cerebral level, do you believe that cliches become cliches for good reason?

3 Stocks to Help Baby Boomers to Reach Their Goals
Wed, 13 Dec 2017 14:46:00 +0000
Why Motley Fool investors think Carnival, Best Buy, and Dominion Energy make great stocks for those at or near retirement.

Fitbit Inc Stock Is Interesting… but the Math Just Doesn’t Work
Tue, 12 Dec 2017 19:45:42 +0000
Purely from a “feel” standpoint, I'm intrigued by Fitbit Inc (NYSE:FIT). The numbers aren't great, admittedly. Third-quarter revenue declined 22% year-over-year, for instance, and sales are down 34% so far this year — but the FIT stock price does look cheap.Source: Via Fitbit10 Reasons the Tax Plan Is Bad for Stocks

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