There is plenty of room for downgrades among the brokerage bunch. Of the 31 analysts in question, 12 call the security a “buy” or better. Meanwhile, short interest has been on the rise since October 2020, but it’s still 60% below the equity's five-year peak. What’s more, BBY’s front-month gamma-weighted Schaeffer's put/call open interest ratio (SOIR) sits at 0.87, illustrating a preference for calls right now. Lastly, our recommended put has a leverage ratio of 5.2, and will double in a 17.1% drop in the underlying shares.
