In a recent report, Goldman Sachs (NYSE:

) recommends buying Best Buy (NYSE:

) September $34 straddles to hedge downside and accentuate upside through the September 14 earnings. Options are showing to be inexpensive ahead of possibly an unusually volatile earnings report for BBY. A Goldman Sachs Anaylst downgraded BBY to Neutral on August 10 because of concerns about BBY's ability to meet revenue expectations. The analyst's EPS estimates are below the consensus for the quarter ($0.42 vs. $0.45). There is risk that BBY falls short of expectations due to subdued unit sales trends, steeper price declines accompanied with limited price elasticity, and negative notebook datapoints from Intel and soft back-to-school from Dell and HP. September options prices are inexpensive when compared with BBY's typical move on earnings and their wide trading range over the past two months. Right now straddles cost $2.10 with shares at $33.69. Shares of BBY closed Tuesday at $33.69