Best Buy (BBY) Offering Possible 19.9% Return Over the Next 29 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 $65.00 short put and a strike $60.00 long put offers a potential 19.9% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $60.00 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 74.25 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

Kaspersky Lab asks court to overturn U.S. govt software ban
Mon, 18 Dec 2017 21:15:56 +0000
WASHINGTON/TORONTO, Dec 18 (Reuters) – Moscow-based security software maker Kaspersky Lab said on Monday it has asked a U.S. federal court to overturn a Trump administration ban on use of its products in government networks, saying the move deprived the company of due process. The Department of Homeland Security (DHS) in September issued a directive ordering civilian government agencies to remove Kaspersky software from their networks within 90 days. It came amid mounting concern among U.S. officials that the software could enable Russian espionage and threaten national security.

Best Buy’s 20 Best Tech Deals
Mon, 18 Dec 2017 20:39:22 +0000
Electronics are frequently the most sought-out items for the holiday season, and Best Buy, the leading consumer electronics retailer in the United States in 2016, stands to gain or lose from the popularity …

ETFs with exposure to Best Buy Co., Inc. : December 18, 2017
Mon, 18 Dec 2017 19:45:15 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Best Buy Co., Inc. Here are 5 ETFs with the largest exposure to BBY-US. Comparing the performance and risk of Best Buy Co., Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower … Read more
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Apple Sells Out Of AirPods Before Christmas
Mon, 18 Dec 2017 19:33:59 +0000
The earliest you can get the high-tech earbuds from Apple's online store is Jan. 5.

3 Retailers Hitting 52-Week Highs Right Now
Mon, 18 Dec 2017 17:34:00 +0000
Who says that brick-and-mortar stores are dead? Best Buy, Five Below, and Gap are all trading at their highest levels of the year.

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