BBY Forecast + Trading Strategies



Bearish<—>Bullish



80% Confidence




Bullish Case: Best Buy’s investment in omnichannel and strong product release pipeline promises stable growth. Low relative valuation compared to peers enhances upside potential.




Bearish Case: Increased competition from online retailers and economic uncertainty threaten Best Buy’s margins, potentially eroding consumer demand and impacting profitability.




Potential Outcomes: 50% plan success boosts short-term revenue, 30% increased competition affects sales negatively, 20% stable revenue from strategic shifts.




Trading Oracle: Capitalizing on flat implied volatility, execute a bullish debit spread by buying $90 calls and selling $92 calls, expiring in 22 days. Targeting a volatile price increase due to upcoming product launches and sales events. High reward:risk with favorable market sentiment and volume .



February 01, 2025


Best Buy Forecast

BBY        Best Buy











Correlated Assets

Assets that tend to move strongly with BBY



PTGX Forecast + Options Trading Strategies   PTGX  Protagonist Therapeutics (0.84)


AFL Forecast + Options Trading Strategies   AFL  Aflac (0.83)


EXR Forecast + Options Trading Strategies   EXR  Extra Space Storage (0.83)


XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (0.82)


ESS Forecast + Options Trading Strategies   ESS  Essex Property Trust (0.82)



Uncorrelated Assets

Assets with little price relationship to BBY



CRC Forecast + Options Trading Strategies   CRC  California Resources (-0.0)


GL Forecast + Options Trading Strategies   GL  Globe Life (-0.0)


JBLU Forecast + Options Trading Strategies   JBLU  Jetblue Airways (-0.01)


FCX Forecast + Options Trading Strategies   FCX  Freeport-McMoRan (0.01)


SLS Forecast + Options Trading Strategies   SLS  SELLAS Life Sciences (0.01)



Anticorrelated Assets

Assets that tend to move strongly against BBY



PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.75)


BBWI Forecast + Options Trading Strategies   BBWI  Bath & Body Works (-0.75)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.76)


AAP Forecast + Options Trading Strategies   AAP  Advance Auto Parts (-0.79)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.81)









Become a more profitable investor with AI optimized trading strategies






×

Chat with BBY


 Ask any question about BBY!