Because several subscribers reported buying February 30 puts (BBYNF) near Wednesday’s lows, I’ll establish a tracking position for your further guidance that assumes four puts acquired for 1.40. Since the stock looks bound lower to at least 28.55, let’s plan on closing out two of the puts at-the-market if and when 28.63 is touched. A price of about 2.30-2.40 for the puts would be about right. In addition, because a turn-up could also come at 28.77, scalpers can bid 28.79 for 200 shares, stop 28.71. If the order fills, offer the stock at 29.18 o-c-o with the stock. _______ UPDATE: Even with option volatility crashing as BBY fell, we managed an exit for 2.20, giving us a cost basis of 0.60 for each of the two puts (or multiple therof) that remain. As of 10:36, Best Buy had slightly exceeded our target, suggesting still lower prices ahead. Incidentally, the stock scalp could have produced a small profit, since BBY bounced from 28.76 to 28.90 on the way down.