Historically looking at BBY we can see usually see a slightly move after ( EPS , which is usually beating estimates). Because of this, and being at the top of this range with our other indicators showing momentum as indicated on the chart, I want upside protection, while I expect the range in BBY to continue through expiration this Friday.
All that being said, and what is shown on the chart, I am selling for a $0.50-$0.55 credit the 25/29.5/34.5/35 Put/Put/Cal/Call. This means if we break out from here, not only will I likely be putting on another trade to take advantage of the breakout, but I will still have a small (VERY small) profit. That however beats a loss.
Ideally, we would like to collapse and BBY to stay between $29.00 and $34.50, but anything above $29.00 would be acceptable.