BBY Forecast + Trading Strategies


Bullish Case: BBY's upcoming promotions and 4th of July sales could boost short-term revenues, coupled with consistent historical return trends.


Bearish Case: Negative sentiment from potential legal issues and supply chain concerns might impact BBY's financial performance, reflected in a high implied volatility.


Potential Outcomes:

1. Positive Revenue Effect from Sales (40%).

2. Adverse Impact from Legal Issues (35%).

3. Stable Performance with Effective Strategies (25%).


Trading Oracle: Execute a bullish credit spread, sell 3 $84.0 strike puts and buy 8 $79.0 strikes expiring in ~7 days. Expected profit edge: Helium 72%, Market 71%, Leverage product launches, holiday sales. Implied volatility and demand-side trends are favorable to a near-term bullish outlook.


June 30, 2024










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Uncorrelated Assets

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GLPI Forecast + Options Trading Strategies   GLPI  Gaming and Leisure Properties (-0.0)


QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (0.0)


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Anticorrelated Assets

Assets that tend to move strongly against BBY



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UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.7)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.7)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.7)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.71)





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