Best Buy sees a bullish combination trade as the stock continues to push off the lows.
BBY is up 1.66 percent to $18.37 in afternoon trading. The struggling electronics retailer were trading around $28 in March but hit $16.25 two weeks ago, its lowest since 2003.
optionMONSTER's systems show that a trader bought 5,000 December 22 calls for the ask price of $0.92. At the same time, he or she sold 5,000 of the 15 puts for $0.85.
The bullish trade cost a net $0.07 to open, and the real risk is the potential assignment and required stock purchase if shares trade below $15. It is also possible that this is a hedge against a short position, in which case the trader would be looking for the stock to trade down to $15 while buying protection in the event of a rally.
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