Big option blocks in Bed, Bath and Beyond after earnings
Big option blocks in Bed, Bath and Beyond after earnings. The stock up 5.8% to $12.97 and one player seizes the early strength to sell 10K May 12.5 calls at $1.81, which probably closes a matching (well-timed) print from yesterday when 10K traded for $1.55. Separately today, 10K May 15 calls trade $1.02 and matches a position opened Wednesday for 90c. A third 10K lot in the name today is a buyer of Feb 12.5 puts for 66c, to open, and probably a hedge to protect recent gains in shares. Feb 10 puts and Feb 15 calls also seeing interest. Total volume is 4X daily average at 40K calls and 34K puts. 30-day implied volatility tumbled 37.5% to 55.5 and now in the 80th percentile of the 52-week range.