Best Buy (BBY) Offering Possible 28.21% Return Over the Next 28 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 $75.00 short put and a strike $70.00 long put offers a potential 28.21% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $70.00 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 above 80 which suggests that the stock is in overbought 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

LATEST NEWS for Best Buy

Burglars Rappel Through Best Buy Roof and Steal $100,000 in Apple Products
Wed, 20 Jun 2018 17:51:22 +0000
Police likened the case to the movie 'Mission Impossible'

The Rent-A-Center Buyout Is Good News for Everyone Involved
Wed, 20 Jun 2018 16:33:40 +0000
The Plano, Texas-based rent-to-own company increased when Vintage Capital Management, LLC agreed to take the company private. Now, as RCII stock is removed from trading, the company embarks on a new era as a private company. Although the direction in which Vintage will take Rent-A-Center remains unknown, the deal creates a chance to recover and move the company in a new direction outside of the public eye.

Roku Stock Is Rebounding, But Is It Still a Buy Now?
Wed, 20 Jun 2018 16:27:35 +0000
Roku (NASDAQ:ROKU) has seen the usual ups and downs of a recent IPO. Roku stock came out of the gate under $20 per share and didn’t do much at first. Previously, Best Buy used Roku’s operating system for in-house TVs.

Liberty Property (LPT) Signs New Lease Deal With Best Buy
Wed, 20 Jun 2018 15:29:03 +0000
Liberty Property's (LPT) lease with Best Buy highlights elevated demand for modern distribution properties and the company's solid capacity to leverage on this trend.

Is There An Opportunity With Best Buy Co Inc.’s (NYSE:BBY) 20% Undervaluation?
Wed, 20 Jun 2018 14:29:21 +0000
Today I will be providing a simple run-through of the discounted cash flows (DCF) method to estimate the attractiveness of Best Buy Co Inc. (NYSE:BBY) as an investment opportunity. AnyoneRead More…

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