Implied Volatility Surging for Best Buy (BBY) Stock Options

04.06.24 18:37 Uhr

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Investors in Best Buy Co., Inc. BBY need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 21, 2024 $125.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Best Buy shares, but what is the fundamental picture for the company? Currently, Best Buy is a Zacks Rank #3 (Hold) in the Retail-Consumer Electronics industry that ranks in the Bottom 9% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased its earnings estimates for the current quarter, while eight have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.21 per share to $1.16 per share in that period.What do the Analysts Think?Clearly, options traders are pricing in a big move for Best Buy shares, but what is the fundamental picture for the company? Currently, Best Buy is a Zacks Rank #3 (Hold) in the Retail-Consumer Electronics industry that ranks in the Bottom 9% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased its earnings estimates for the current quarter, while eight have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.21 per share to $1.16 per share in that period.Given the way analysts feel about Best Buy right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.Click to see the trades now >>What do the Analysts Think?Clearly, options traders are pricing in a big move for Best Buy shares, but what is the fundamental picture for the company? Currently, Best Buy is a Zacks Rank #3 (Hold) in the Retail-Consumer Electronics industry that ranks in the Bottom 9% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased its earnings estimates for the current quarter, while eight have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.21 per share to $1.16 per share in that period.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Best Buy Co., Inc. (BBY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Best Buy Co. Inc.

Analysen zu Best Buy Co. Inc.

DatumRatingAnalyst
30.08.2019Best Buy Market PerformTelsey Advisory Group
25.07.2019Best Buy Market PerformTelsey Advisory Group
22.03.2019Best Buy OutperformOppenheimer & Co. Inc.
28.02.2019Best Buy Market PerformTelsey Advisory Group
21.11.2018Best Buy NeutralWedbush Morgan Securities Inc.
DatumRatingAnalyst
30.08.2019Best Buy Market PerformTelsey Advisory Group
25.07.2019Best Buy Market PerformTelsey Advisory Group
22.03.2019Best Buy OutperformOppenheimer & Co. Inc.
28.02.2019Best Buy Market PerformTelsey Advisory Group
29.08.2018Best Buy Market PerformTelsey Advisory Group
DatumRatingAnalyst
21.11.2018Best Buy NeutralWedbush Morgan Securities Inc.
20.09.2017Best Buy Sector PerformRBC Capital Markets
30.08.2017Best Buy Sector PerformRBC Capital Markets
02.03.2017Best Buy Sector PerformRBC Capital Markets
18.11.2016Best Buy Sector PerformRBC Capital Markets
DatumRatingAnalyst
05.03.2018Best Buy UnderperformWedbush Morgan Securities Inc.
18.11.2016Best Buy UnderperformWedbush Morgan Securities Inc.
26.02.2016Best Buy UnderperformWedbush Morgan Securities Inc.
03.04.2012Best Buy sellMcAdams Wright Ragen Inc.
28.10.2011Best Buy sellCitigroup Corp.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Best Buy Co. Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"