Markets

Trader makes big buy of Bed Bath & Beyond calls

Someone made a big bet Friday morning on shares of Bed Bath & Beyond ( BBBY ). At 10:06 this morning, 6,000 contracts of the Feb. 2019 30 call moved in a single trade, against open interest of just 6 contracts. The trade was priced high in the spread, indicating it was initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for BBBY ($19.40 up $0.20) are bearish with a downward trend. The stock has support around 18.10 Look at the Oct. 12.50/15 bull-put spread for a 20-cent credit. That's an 8.7% return and the stock has to fall by 22.7% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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