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Income Masters Trade Alert: BBY

The protective put we purchased to hedge against a post-earnings sell-off in Best Buy (BBY) is on track to expire worthless. Shares popped following the announcement despite a revenue miss, but they are selling off today with the broader market.

Note: No action is needed on the BBY Mar Monthly (3/18) 102 Call at this time.

Current Stock Price: $102.32

Cost Basis: $102.27

Action: Watch the BBY Mar Week One (3/4) 90 Put expire worthless

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