Best Buy (BBY) Offering Possible 14.94% Return Over the Next 3 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 $59.00 short call and a strike $64.00 long call offers a potential 14.94% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $59.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $64.00 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 66.95 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

Distressed retailers total 22, up from 19 in February, Moody's finds
Fri, 09 Jun 2017 18:51:53 +0000
"Liquidity issues on top of competitive pressures make a tough situation for everyone," Moody's Charlie O'Shea tells CNBC.

ETFs with exposure to Best Buy Co., Inc. : June 9, 2017
Fri, 09 Jun 2017 17:17:42 +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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The Zacks Analyst Blog Highlights: Children's Place, Best Buy, Big 5 Sporting Goods, Darden Restaurants and Office Depot
Fri, 09 Jun 2017 13:30:01 +0000
The Zacks Analyst Blog Highlights: Children's Place, Best Buy, Big 5 Sporting Goods, Darden Restaurants and Office Depot

Retail waving white flag? 9 trades
Thu, 08 Jun 2017 21:00:00 +0000
The Fast Money traders discuss Nordstrom surging more than 10 percent today after the embattled retailer announced it was exploring the idea of going private. Will others follow suit?

Former Hulu CTO launches 'Home Shopping Network for millennials'
Thu, 08 Jun 2017 18:07:49 +0000
A new iOS app called Unboxed wants to be the QVC of mobile by offering hours of original programming focused on unboxing tech devices. Despite the success of e-commerce giants like Amazon (AMZN), there are few if any online sites serving up shopping as sheer entertainment the way QVC (QVCA) or HSN (HSNI) do on TV. According to Packagd CEO Eric Feng, who developed Unboxed, there’s a very good reason for that.

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