Best Buy (BBY) Offering Possible 22.55% 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 $109.00 short call and a strike $114.00 long call offers a potential 22.55% 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 $109.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $114.00 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 37.26 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

Better Buy: Amazon vs. Best Buy
Sun, 13 Sep 2020 16:25:00 +0000
Many of them, like Best Buy (NYSE: BBY), have done quite well. In fact, Best Buy's latest quarterly report shows it is bucking the 19% sales decline so far this year for electronics and appliance stores reported by the U.S. Census Bureau through the end of July. Meanwhile, e-commerce stores like Amazon (NASDAQ: AMZN) have been off to the races.

Black Friday shopping like we all know it is officially over because of COVID-19
Thu, 10 Sep 2020 17:31:21 +0000
Say goodbye to Black Friday.

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Wed, 09 Sep 2020 13:39:01 +0000
Top Ranked Momentum Stocks to Buy for September 9th

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Wed, 09 Sep 2020 13:13:00 +0000
These companies have held up well during the pandemic and are positioning themselves for long-term digital sales growth.

Where Will Best Buy Be in 1 Year?
Wed, 09 Sep 2020 12:30:00 +0000
Back in 2012, Best Buy (NYSE: BBY) was in serious trouble. It was losing customers to Amazon (NASDAQ: AMZN) as shoppers used its stores as “showrooms” to test out products before buying them online. CEO Brian Dunn, who led the retailer for three years, also abruptly resigned due to an inappropriate relationship with an employee.

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