Best Buy Co., Inc.Updated Long BBY by Short June 46 Put
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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