BBY Trade on Aug 24, 2021 15:21 from Marius: Tradervue User Stock Trades.

Tail-end of corporate earnings season and approaching EOM. Monetary policy updates with central bank at the annual Jackson Hole event EOW. Lighter volume to start the week but market waiting for any less likely un-priced in announcements. Continued dovish commentary was reiterated by Powell and market rallied into the end of the week.

Fundamentals In Play Analysis

Best Buy reported a beat and raise on earnings and revenues. It was notable that they pointed out that the work and learn from home transition are having a lasting positive effect on their business. Consumers are still purchasing technology upgrades within the transitions. Gross margins also have also been improving even with the supply chain issues. They have also built their e-commerce channel well agains its peers and offers in-house services and the ability for consumers to test out products before purchasing. This remains the competitive edge against peers with only digital/e-commerce presence.

Quantitative Analysis

Intraday Fundamentals

RVOL 5.45
AVOL 2.17
ATR 3.72
Beta 1.55
Volatility 3.63% 2.68%
Short Float 4.26%
Shs Float 224.80M
Inst Own 80.10%
Market Cap 29.65B

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 5.008
IV 36.11%
IVP 50%
P/C 0.63
VWAP 120.596

Options Positioning

OI 2141 3097
VOL 1139 396
Delta -.03 -.01
Theta -.07 -.03
Vega .01 .00
Gamma .01 .00
Prob T 7.18% 2.91%
Prob ITM 3.64% 1.48%
MMM +/- 4.323
IV Series 43.41%

Earnings Statistics

Technical Analysis

Trade Setup/Execution Grade + Risk (risk:premium) + Positioning + Size/Allocation Management & Review

(B/A) setup / (A) execution. 1/2RP, very conservative positioning, ~9% allocation. More conservative positioning due to EOD price action + HTF resistance levels/supply not absorbed. Still a good trade but w/ less press on here according to my edges and market development.