Option Update: Best Buy volatility elevated at 50 into EPS


Best Buy (NYSE: BBY) closed at $42.27 Thursday.

BBY is scheduled to report Q4 EPS on April 2.

RBC Capital says: "Lowering estimates; remain concerned about broader consumer spending picture."

BBY April option implied volatility of 50 is above its 26-week average of 38 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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Last updated: February 13, 2012: 01:03 PM

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