Best Buy (BBY) Offering Possible 27.55% Return Over the Next 10 Calendar Days

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Best Buy’s most recent trend suggests a bullish bias. One trading opportunity on Best Buy is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 27.55% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $96.00 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 57.49 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

Best Buy (BBY) Stock Moves -0.37%: What You Should Know
Fri, 07 Jan 2022 22:45:10 +0000
In the latest trading session, Best Buy (BBY) closed at $102.50, marking a -0.37% move from the previous day.

Cullinan Associates Inc Buys Crown Castle International Corp, Electronic Arts Inc, Garmin, …
Fri, 07 Jan 2022 22:38:02 +0000
Louisville, KY, based Investment company Cullinan Associates Inc (Current Portfolio) buys Crown Castle International Corp, Electronic Arts Inc, Garmin, Exxon Mobil Corp, Cognizant Technology Solutions Corp, sells International Business Machines Corp, Accenture PLC, Truist Financial Corp, Chevron Corp, Lowe’s Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Cullinan Associates Inc.

Best Buy (BBY) Dips More Than Broader Markets: What You Should Know
Thu, 06 Jan 2022 22:50:10 +0000
In the latest trading session, Best Buy (BBY) closed at $102.88, marking a -0.12% move from the previous day.

Target holiday shopper traffic growth topped Walmart, Best Buy -data
Thu, 06 Jan 2022 10:00:00 +0000
Shopper foot traffic grew at Target during the recent holiday season compared with two years earlier, while visits to both Walmart and Best Buy stores fell overall, according to data provided exclusively to Reuters measuring shopper visits from Nov. 1 to Dec. 25. The store data could provide early clues to help investors separate winners from losers after a holiday season marked by the coronavirus pandemic https://www.reuters.com/article/us-usa-holidayshopping-black-friday/pandemic-fears-online-deals-thin-u-s-black-friday-crowds-idUSKBN28710B and inventory shortages arising from a supply chain logjam https://www.reuters.com/article/usa-holidayshopping-ships-idCAKBN2GX0XX. Shopper traffic at Target stores rose 6.2% through the holiday period compared with two years ago, pre-pandemic, according to Placer.ai, a research firm that collects anonymized location data from 30 million mobile devices across the country.

10 Best Money-Making Stocks to Buy Now
Thu, 06 Jan 2022 08:55:03 +0000
In this article, we discuss the 10 best money-making stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Money-Making Stocks to Buy Now. The past year reflected significant revisions in assumptions about the pandemic’s duration and its repercussions on consumers and companies. The […]

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