BBY Options Strategy: Bull Call Spread

🎯 $Best Buy(BBY)$ Options Strategy: Bull Call Spread

- Underlying: BBY

- View: Cautiously optimistic, targeting a breakout above immediate resistance ($65.12) towards $67.50, but cognizant of overbought RSI signals.

- Strategy Type: Debit Spread / Directional Bullish

- Option Contract Portfolio:

- Buy 1 BBY 17 May 2024 $65.00 Call

- Sell 1 BBY 17 May 2024 $67.50 Call

- Max Gain & Loss:

- Max Gain: $250 per spread (($67.50 - $65.00) * 100 - Net Debit)

- Max Loss: Limited to Net Debit Paid

- Initial Cost/Credit: Net Debit of ~$0.95 per share ($95 per spread). (Estimate based on current prices: Long $65 Call ~$1.45, Short $67.50 Call ~$0.50).

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