A whale with a lot of money to spend has taken a noticeably bearish stance on Bed Bath & Beyond.
Looking at options history for Bed Bath & Beyond BBBY we detected 37 strange trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 20 are puts, for a total amount of $841,823 and 17, calls, for a total amount of $761,762.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1.0 to $40.0 for Bed Bath & Beyond over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Bed Bath & Beyond options trades today is 10357.77 with a total volume of 227,029.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bed Bath & Beyond's big money trades within a strike price range of $1.0 to $40.0 over the last 30 days.
Bed Bath & Beyond Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BBBY | CALL | SWEEP | BEARISH | 01/13/23 | $3.00 | $126.7K | 12.9K | 29.9K |
| BBBY | PUT | TRADE | BULLISH | 03/17/23 | $40.00 | $102.6K | 3 | 32 |
| BBBY | PUT | SWEEP | NEUTRAL | 01/20/23 | $5.00 | $92.2K | 23.9K | 3.8K |
| BBBY | CALL | SWEEP | BEARISH | 01/13/23 | $3.00 | $74.7K | 12.9K | 33.4K |
| BBBY | PUT | SWEEP | BULLISH | 03/17/23 | $20.00 | $63.0K | 17 | 691 |
Where Is Bed Bath & Beyond Standing Right Now?
- With a volume of 141,152,650, the price of BBBY is down -18.32% at $4.28.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 89 days.
What The Experts Say On Bed Bath & Beyond:
- Wells Fargo has decided to maintain their Underweight rating on Bed Bath & Beyond, which currently sits at a price target of $2.
- Wedbush has decided to maintain their Underperform rating on Bed Bath & Beyond, which currently sits at a price target of $1.
- Telsey Advisory Group has decided to maintain their Underperform rating on Bed Bath & Beyond, which currently sits at a price target of $2.
- Baird has decided to maintain their Underperform rating on Bed Bath & Beyond, which currently sits at a price target of $1.
- UBS has decided to maintain their Sell rating on Bed Bath & Beyond, which currently sits at a price target of $1.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Bed Bath & Beyond, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
