BBY

iceman1

iceman1

Anyone follow/trade BBY...?

An awful lot of option activity in 4/30 and 4/27.50 calls... for example over 5000 traded in 27 1/2s with OI only @ 580 starting the day if my figures are correct! 9000 traded in 4/30 calls; one block on AMEX of 8700 @ .90 with b/a of .80/1. These were not part of spreads.

Earnings on Tuesday before open. They already reaffirmed; Then got a recent downgrade, and a prior upgrade with targets of 32/35 respectively.

At the present time I'm still short BBY.... but just sold puts. Don't want to be short puts IF there is much more downside (now at its' 50 d EMA)

..... like a warning for Q1!

Or to the contrary good news, with better weather in March.

Also want to add BBY is nearing a 4-point TL on daily going back to Dec '02.

Any opinions/comments/hunches?

Thanks...


Regards,
Ice :cool:
 
Quote from dafugginman:

heard that they will miss on sales estimate. NOT saying that they will, but that's the word.
More...

Thanks...

I think that means go long...

:D

Hmmm... what to do?


Ice :ccol:
 
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