$BBY - Best Buy Gap Down Idea

29 Mar 2015

Best Buy posted news it's closing down about 65 Future Shops in Canada, which will turn out to be a big hit on their balance sheet. I'm guessing we see a nice gap down Monday, Levels I am eyeing 36 (Pink Uptrend Line) 34/35 area 200 sma. If it does reach there in a panic situation I am interesting in buying Calls for a day trade.