With sales coming in higher than expected for the broad retail sector, how should you game Best Buy ahead of earnings, Tuesday?
Options Action trader Brian Stutland of Stutland Equities thinks Best Buy is a good proxy for consumer tech spending and feels the stock is currently trading at a compelling valuations.
As a result he suggests playing earnings with January options. What’s the trade? Watch the video and find out.
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Trader disclosure: On Dec. 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL) Calls; Najarian Owns (BAC); Najarian Owns (DELL) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (GCI) Call Spread; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (TXN), (TXN) Call Spread; Najarian Owns (CLF); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (UNG), (KFT), (TLT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (CBY), (MSFT), (TGT); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WMT); Finerman Owns (AAPL); Finerman Owns (GOOG); Finerman's Firm Owns (BSX)
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