We have a net debit on Best Buy (BBY). I am recommending a put to sell today. The income we generate will reduce that net debit.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be tracking and managing it as an ongoing position.
Current Stock Price: $132.85
Net Debit $1.81
Action: Sell to open the BBY Nov Monthly (11/19) 130 Put for around $1.09, but adjust as needed
New Net Debit $0.72