Bed, Bath and Beyond (BBBY) puts are actively traded ahead of earnigns, due out after the closing bell. 18K traded, compared to 3,800 calls. Shares are down 45 cents to $25.92 and recent trades include a 1X3 May 20 – 24 put ratio spread, looking like buyer paid 20 cents, 1000X. Meanwhile, implied vols are moving up to 59 from 55 the day before.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.