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

- Underlying: BBY

- View: Cautiously bullish, expecting a test of resistance at $84.99, but cognizant of overbought RSI suggesting potential for a pullback/consolidation. The strategy aims to capitalize on continued upside momentum while limiting downside risk.

- Strategy Type: Debit Spread / Directional Bullish

- Option Contract Portfolio:

- Buy 1 BBY Call (Exp: 2026-07-24, Strike: $83.00) @ $2.10 (Mid)

- Sell 1 BBY Call (Exp: 2026-07-24, Strike: $87.00) @ $0.625 (Mid)

- Max Gain & Loss: Max Gain = $445 ($500 spread width - $147.5 debit). Max Loss = $147.5 (Net Debit Paid).

- Initial Cost/Credit: Debit of ~$1.475 per spread ($147.5 total for 1 spread).

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