BBY Best Buy Options Ahead Of EarningsLooking at the BBY Best Buy options chain ahead of earnings , i would buy the $73 strike price Calls with
2022-11-25 expiration date for about
$2.79 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Bestbuyinc
BBYBest Buy
Trend:
Below 50,100 and 200 EMA
Positive ADX, DI below 20
Trend seems to be weak
Macro impact:
Consumer cyclical stock are not a good buy
Inflation impact on consumer purchase
High interest impacting credit buying
Recommendation:
Wait for price to cross above the resistance @ 97.96 for re-assessment
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