Best Stock on the Market

Call Options on BBY on 8/27/2018

Bullish Cup and Handle on $BBYBest Buy Co., Inc. (BBY) operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico.

The company operates in two segments, Domestic and International.

Its stores provide consumer electronics, including digital imaging, health and fitness, home automation, home theater, and portable audio products; computing and mobile phones, such as computing and peripherals, networking products, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, including drones, movies, music, and technology toys, as well as gaming hardware and software, and virtual reality and other software products.

The company's stores also offer appliances, which comprise dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, etc.; and other products, such as beverages, snacks, and sundry items, as well as baby products, luggage, and sporting goods.

In addition, it provides services comprising consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services.

The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.ca, and bestbuy.com.mx brand names, as well as through mobile applications and call centers. It has approximately 1,200 large-format and 300 small-format stores. Shares have formed a bullish "cup and handle" and higher share prices are expected. The Company reports its quarterly results tomorrow. We expect a strong report.

We will be trading September 21, call option

 

Entry Point: $82.08

Trading Range: $51.61 - $84.37

Trade

  • Buy 1 September $82.00 Call at $3.60
  • For a net debit of $3.60

Profit/Loss Analysis

  • Breakeven at $85.60
  • Maximum profit is unbounded
  • Maximum loss is ($360.00) at strike of $82.00

Closing Summary

  • Sold 1 September $82.00 Call at $0.00

Position closed on 9/24/2018 at price of $0.00 with a -100.00% loss in 28 days.

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