Looking 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.
Trade closed: target reached
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BBY was trading at $79.94 intraday and the options were $6.70 at the close. 2.4X gains!
Looking good, up 7% in pre-market. Had a long call spread with short put to capture up to 8% upside with a hedge down to $32. At this rate should be able to exit early.