Bearish Options Positioning in Best Buy (BBY) Targets 6% Downside in Shares Through Jan 2019 Following 3Q Report -Susquehanna

Susquehanna options strategist Alison Edwards notes bearish options activity in Best Buy (NYSE: BBY), as investors purchased 7k Jan 65 Puts, paying $4.60-$5.10. The investor will breakeven with a ~6% pullback by mid-Jan.

BBY reported 3Q results this morning.

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