Best Buy (BBY) Offering Possible 15.21% Return Over the Next 22 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 $38.50 short put and a strike $33.50 long put offers a potential 15.21% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $33.50 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 78.85 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

Black Friday Fizzles With Consumers as Sales Tumble 11%
Mon, 01 Dec 2014 05:01:00 GMT
Bloomberg – Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the …

Post-Thanksgiving Spending Tumbles 11% as Shoppers Stay Home
Sun, 30 Nov 2014 21:52:50 GMT

US retail sales fall on long Black Friday
Sun, 30 Nov 2014 20:32:19 GMT
Financial Times – US retailers' combined sales over Thanksgiving weekend fell this year according to initial estimates, despite stores aggressively extending opening hours in an effort to fire up spending at the start of …

Black Friday web sales ‘biggest in history': Firm
Sat, 29 Nov 2014 16:30:07 GMT

Black Friday (literally): Best Buy site goes dark
Sat, 29 Nov 2014 13:02:21 GMT

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