Best Buy (BBY) Offering Possible 38.5% Return Over the Next 23 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 $98.00 short put and a strike $93.00 long put offers a potential 38.5% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $98.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $93.00 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 35.48 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

J.P. Morgan Exchange-Traded Fund Trust Buys DTE Energy Co, O'Reilly Automotive Inc, Norfolk …
Tue, 28 Dec 2021 07:38:04 +0000
Investment company J.P. Morgan Exchange-Traded Fund Trust (Current Portfolio) buys DTE Energy Co, O'Reilly Automotive Inc, Norfolk Southern Corp, Mastercard Inc, Alphabet Inc, sells CMS Energy Corp, Sempra Energy, Leidos Holdings Inc, TJX Inc, Amphenol Corp during the 3-months ended 2021Q3, according to the most recent filings of the investment company, J.P.

Jpmorgan Trust Iv Buys DTE Energy Co, O'Reilly Automotive Inc, Norfolk Southern Corp, Sells CMS …
Tue, 28 Dec 2021 03:38:02 +0000
Investment company Jpmorgan Trust Iv (Current Portfolio) buys DTE Energy Co, O'Reilly Automotive Inc, Norfolk Southern Corp, Mastercard Inc, CenterPoint Energy Inc, sells CMS Energy Corp, Sempra Energy, Leidos Holdings Inc, TJX Inc, Amphenol Corp during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Jpmorgan Trust Iv.

Holiday shopping: ‘Returns have definitely increased,’ goTRG CEO says
Mon, 27 Dec 2021 17:50:31 +0000
goTRG CEO Sender Shamiss joins Yahoo Finance Live to discuss how retailers are processing more returns this holiday shopping season and the effect it is expected to have on supply chains.

U.S. holiday spending rose at fastest pace in 17 years
Mon, 27 Dec 2021 14:24:35 +0000
Yahoo Finance’s Julie Hyman and Brian Sozzi break down the latest consumer trends as clothing and jewelry led retail sales to jump 8.5% and holiday spending rose sharply.

Is Best Buy a Smart Stock to Buy Now?
Sun, 26 Dec 2021 11:51:00 +0000
Best Buy (NYSE: BBY) has one of the most impressive histories of any brick-and-mortar retailer when it comes to adapting its business to thrive in an e-commerce world. Matt Frankel: This was Best Buy. About 10 years ago, Best Buy did one of the most successful business pivots of any retailer I've seen.

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