Best Buy Offering Possible 17.65% Return Over the Next 25 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 $38.00 short put and a strike $33.00 long put offers a potential 17.65% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $33.00 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 41.41 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

Holiday storm vs. holiday shoppers
Wed, 27 Nov 2013 00:44:00 GMT
CNBC – Jim McDonald, Northern Trust, says retailers are breathing a sigh of relief; rain will probably push sales. Jeffrey Kleintop, LPL Financial, weighs in on the holiday shopping season.

Facebook and Twitter battle for holiday ad dollars
Tue, 26 Nov 2013 23:01:58 GMT
CNBC – Twitter and Facebook are trying to use their unique features to draw in companies such as REI and Best Buy.

1 Stock to Watch This Holiday Season
Tue, 26 Nov 2013 23:01:56 GMT
Motley Fool – Which retail stock sits in a critical spot for the fourth quarter?

Homemade Thanksgiving gives way to eating out
Tue, 26 Nov 2013 22:36:32 GMT
USA TODAY – Thanksgiving meals are not always home-cooked.

Holiday shopping price war gets ‘irrational'
Tue, 26 Nov 2013 22:21:11 GMT
USA TODAY – Short holiday shopping season and early deals blitz from Amazon sparks intense price war

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