Best Buy Co., Inc.

Short

BBY has a nice topping pattern and downside divergence

Updated

The topping pattern on BBY has a strong downside divergence on MACD. The indicator shows prices should be at level $71.70

Note

The May BBY $72 puts expiring today May 10 were around $0.75 on May 8, trading today at $2.87

Note

or if you'd bought the May BBY $72 puts expiring May 17 they were around $0.75 May 8 and are now $4.80

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