🎯 $Best Buy Co., Inc. (BBY) Options Strategy: Bull Call Spread

DailyOptions999
06-09 16:04

$Best Buy(BBY)$

- Underlying: BBY

- View: Cautiously optimistic, targeting a break above immediate resistance at $75.78. The strong Q1 results and positive momentum (RSI ~69.6) support a bullish bias, but proximity to resistance suggests a defined-risk approach.

- Strategy Type: Debit Spread / Directional Bullish

- Option Contract Portfolio:

- Buy 1 BBY 17 Jul 2026 $74.00 Call @ $1.60 (Mid-Price: $1.45 Ask)

- Sell 1 BBY 17 Jul 2026 $80.00 Call @ $0.41 (Mid-Price: $0.375 Bid)

- Max Gain & Loss:

- Max Gain: $600 [($80 - $74 strike difference - $1.19 net debit) * 100]

- Max Loss: $119 [Net Debit Paid]

- Initial Cost/Credit: Net Debit of ~$119 per spread.

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