Best Buy (BBY) Offering Possible 10.38% Return Over the Next 15 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 $26.00 short put and a strike $21.00 long put offers a potential 10.38% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $21.00 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 57.24 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

Why Bank of America Sank and Best Buy Soared Last Week
Sat, 03 May 2014 19:40:26 GMT

Sony latest to open stall in Best Buy ‘food court'
Thu, 01 May 2014 20:26:00 GMT

Best Buy revamps home theater section
Thu, 01 May 2014 18:31:15 GMT

Best Buy revamps home theater section
Thu, 01 May 2014 18:31:15 GMT

Sony, Samsung will square off with competing 4K-focused Best Buy store-in-store units
Thu, 01 May 2014 17:00:00 GMT

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