BBY is in up trend with strong support around 46 to 47 area. I setup the long position by shorting the June 46 put.
Here is the position:
Sell June 46 Put
Premium: 0.75$
Break even point: 45.25$.
Here is the position:
Sell June 46 Put
Premium: 0.75$
Break even point: 45.25$.
Trade closed: target reached
Closed at $0.05 after a great earning report. $0.7 profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.