Best Buy (BBY) Offering Possible 25% Return Over the Next 9 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 $87.00 short put and a strike $82.00 long put offers a potential 25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $82.00 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 73.63 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

More people see ‘value’ and ‘quality’ in a brand’s politics — not products — as Facebook and other companies are finding out fast
Thu, 02 Jul 2020 15:55:00 +0000
Consumer brands across all categories are now in the spotlight as to where they stand on social issues. Then, just as businesses were starting to get back to their regularly scheduled marketing, the wave of long-overdue protests and conversations began in support of Black Lives Matter. Consumers expect transparency, accountability, and action.

The 100 Most Sustainable Companies, Reranked by Social Factors
Sun, 28 Jun 2020 15:32:00 +0000
Barron’s revisits its annual ESG ranking of the 100 most sustainable companies to focus on social issues.

Friday Morning Market Highlights
Fri, 26 Jun 2020 16:45:23 +0000
Markets down, Nike reports quarterly results Continue reading…

The harsh reasons behind GNC's and J.C. Penney's death
Wed, 24 Jun 2020 16:42:51 +0000
Another retailer has bitten the dust. Here's why a storied name such as GNC has filed for bankruptcy.

Best Buy (BBY) Up 4.1% Since Last Earnings Report: Can It Continue?
Sat, 20 Jun 2020 15:30:03 +0000
Best Buy (BBY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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