BJs Restaurants Inc (BJRI) $15.40 -5.75%
BJ’s Restaurants (BJRI) is seeing unusual activity. Shares have been under pressure throughout the session and were recently down 91 cents to $15.43. Meanwhile, options activity picked up to 64X the average daily and most of the activity is concentrated in the Nov 15 puts. 4160 traded, with two thirds hitting ask-side and open interest of only 10 contracts. ISEE data confirm that customers are buying to open and BJRI implied volatility is up to 48, from about 45 late Monday. No headlines to explain the bearish flow.
Category: All Stocks, Restaurants, Small Cap Stocks
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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.
