absolutely right statement. BTW: NVDA is trading around 18.5 - exactly as I stated earlier - OE date and max pain. since next week OE does not have too much options for max pain the stock will be taken to 19.5-20 range. I bought this morning a lot of $19 calls extremely cheap -almost for free.
max pain is 18.5 that is why the stock is in there. I knew it a week ago and bought puts when the stock hit 19. now I'm selling them with almost 100% gain. within the next week NVDA will hit 19.5-20.00. It is a high time to buy calls.
Bank of America Merrill Lynch analysts upgraded electronic retailer Best Buy Co., Inc. (BBY) on Wednesday, as the company reduces costs at a faster-than-expected pace and manages spending more efficiently.
They upgraded it YESTERDAY i.e. just before today's debacle - what a bunch of crooks this bank of america.
on a future potential. Today a cold rain for sobering. It always works this way - if you promised a lot and then disappoint. a right price for this stock is $16-17, may be 19-20. If it were in this price range nothing would have happened. does it mean the stock will hit 17-20? No. This market is extremely bullish and it will help BBY stay in a current level or may be a bit higher. But beware -any piece of not too good news can bring it below 20 overnight.