Best Buy (BBY) Offering Possible 22.85% Return Over the Next 17 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 $34.00 short put and a strike $29.00 long put offers a potential 22.85% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $29.00 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

Visa Said to Win Best Buy Processing Deal, Replaces MasterCard
Wed, 05 Nov 2014 20:19:00 GMT

Jawbone unveils two new fitness devices: $49 Move and $179 UP3
Wed, 05 Nov 2014 14:55:23 GMT

Visa Said to Win Best Buy Partnership From MasterCard
Tue, 04 Nov 2014 22:46:17 GMT

Best Buy Welcomes New Member to its Board of Directors
Mon, 03 Nov 2014 21:59:11 GMT
noodls – MINNEAPOLIS–(BUSINESS WIRE)–Nov. 3, 2014– Best Buy Co., Inc. announced today the appointment of J. Patrick Doyle to its Board of Directors. Doyle is the president and chief executive officer of Domino's …

BEST BUY CO INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial St
Mon, 03 Nov 2014 21:46:14 GMT

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