I bought some Best Buy (BBY) stock...am I too early? | OptionsANIMAL

I bought some Best Buy (BBY) stock…am I too early?

Best Buy recently announced that we should expect them to make less money in 2011 than they had previously stated. The stock has gapped down and continues to fall from $42 the night before earnings to just $34.05 at the close today.

Best Buy Store in Edmonton, Canada
Image via Wikipedia

What if you believed that it has fallen a bit too much and should recover given some time? After all, we saw a similar drop in the summer when the stock fell from $48 to $31 and that one was also caused by fundamental concerns about their business moving forward. BBY made a nice recovery to $45 given some time. I feel that BBY could go up again but I also know I could be deadly wrong, especially if our over bought markets cool off a bit. I find that using options strategies like covered calls and collar trade can help solve the problem of overly relying on my expectations of future BBY stock price.

For most people, pulling the trigger to buy a stock or do an option trade can be a nerve-wrecking experience. Doubt plagues all of us. I am sure that BBY could drop more from here, at least to the 52-week low of $31 per share. So why would I hurry up and buy a falling stock? Because it does not matter whether BBY goes up, stays here or even drops from here…I can make some money.

Put yourself in my shoes. If you know that you will likely make money even if BBY falls 10% or 15% or more, would you still hesitate to pull the trigger? If you have a written plan on what to do if BBY falls more and you know that plan works, your trading life can become much simpler. This is what a good options education can do for you.

OptionsAnimal students are watching real money live trades, day-by-day like this one on BBY. This gives our students a clear edge over just learning some theory. We don’t just teach what to do when a trade does not work, we show live how we are fixing our bad trades (let’s face it, we all have them).

I have used this process to make money in 2010 on bad stock picks like RIMM, BBY and MON to name a few. All three stocks fell more than 20% after I bought them but they all made me money. Falling stocks or other options trade gone awry don’t have to wipe out all the good trades you do. Take a closer look at what we do and how it can benefit your trading….call us today at 888-297-9165.

Charan Singh
OptionsANIMAL Instructor

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After many years of trying, I now have confidence I can make great passive income through trading. Without OptionsANIMAL, I doubt I would have ever got there. The instructors and courses are great! I have not had a losing trade since joining. What has being key for me are the exit strategies, when Plan A has failed, you have a Plan B, Plan C.... This is key to becoming a success. In addition, I have found the weekly review a great watch. A good pulse check for how my own trading is going!
Options Animal – A Solid Investment for the Right Person If you're seriously thinking about joining Options Animal, here’s what I’ve found to be true from my own experience. First off, this isn’t for everyone — and I mean that in a good way. Options Animal attracts a unique kind of member: curious, serious about financial education, and committed to growth. The membership tends to be smart, experienced, and inquiring. The community is intelligent, well-educated, and experienced, but also welcoming and supportive. People are friendly, down-to-earth, and genuinely interested in helping each other grow. If that sounds like your kind of group, you’ll probably feel right at home. That said, this program is best suited for investors who are ready to put in the time. The program expects you to study, apply what you learn, and take a hard look at how you're doing, you’ll find tremendous value here. There’s meaningful homework. There’s a process. But if you’re committed, it really does pay off. Discipline is also key. The instructors provide a clear, structured approach. When I deviated from that structure, I felt the consequences — but also gained important insight. Mistakes become learning opportunities here, and that’s part of what makes the experience so worthwhile. One of the big strengths of OA is how they teach you to be flexible. They teach you to adapt to market conditions, not just follow a static strategy. It’s clear they live by this principle, and their teaching reflects that. Most importantly, you’re never on your own. The team at Options Animal is always available, approachable, and incredibly generous with their time and expertise. Whether you're asking questions, learning from live sessions, or following along with real trade recommendations, you’ll feel supported every step of the way. Each instructor brings a different perspective, which allows you to find an approach that matches your style and goals. Now, about the cost: if you're thinking of it as an expense, it might not feel worth it. But if you see it as an investment in your financial future, it makes a lot more sense. You're paying for education, structure, and guidance that can really make a difference. You don’t need a huge portfolio either — the strategies can scale. A perspective regarding returns (ROI), the payoff improves with time. As your skills and confidence grow, so does your ability to generate solid returns. For me, this has absolutely been a smart investment — one that continues to pay dividends both financially and in terms of personal growth. For the right individual, Options Animal is more than just a program — it’s a powerful, ongoing advantage being a really solid investment — in every sense of the word.
Response from the owner:Thank you for sharing your detailed and insightful experience with Options Animal. We're thrilled to hear that you found value in our community, structure, and instructional approach. Your emphasis on discipline and adaptability perfectly captures what we strive to teach our members. It’s rewarding to know you see your involvement as an investment in your financial future and personal growth. We appreciate your feedback and support!
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