written by reader BBY option plays

by nmtonyo | March 4, 2021 11:04 am

Hi Travis,
New here, wish I’d found you sooner.
Changing from monthly to annual member shortly.
My silly-ass problem:
I’m looking for info on Best Buy BBY.
Got this tip in my email this morning:
“Sell covered call OR Sell naked put:
buy 100 shares of Best Buy (BBY) for $100.37 per share or less
sell to open one June $115 call for a credit of $2.75 per share or more
option symbol: BBY210618C115
OR
sell to open one June $90 put for a credit of $4.15 per share or more
option symbol: BBY210618P90”
The strategy includes collecting one or both Mar & Jun dividends.
Any ideas are welcome, salient to BBY and/or the option strategy.
Thanks, Tony

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