A whale with a lot of money to spend has taken a noticeably bullish stance on Bed Bath & Beyond.
Looking at options history for Bed Bath & Beyond (NASDAQ:BBBY) we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $474,701 and 6, calls, for a total amount of $624,688.
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 $17.0 to $30.0 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 1281.44 with a total volume of 16,821.00.
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 $17.0 to $30.0 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 | TRADE | NEUTRAL | 04/14/22 | $29.00 | $459.0K | 12 | 1.7K |
| BBBY | PUT | SWEEP | BEARISH | 04/14/22 | $29.00 | $81.4K | 0 | 154 |
| BBBY | PUT | TRADE | BULLISH | 03/11/22 | $30.00 | $76.8K | 4.8K | 3.4K |
| BBBY | PUT | SWEEP | BEARISH | 04/14/22 | $29.00 | $55.5K | 0 | 603 |
| BBBY | PUT | TRADE | BULLISH | 04/14/22 | $29.00 | $55.2K | 0 | 423 |
Where Is Bed Bath & Beyond Standing Right Now?
- With a volume of 5,852,938, the price of BBBY is down -0.09% at $22.84.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
What The Experts Say On Bed Bath & Beyond:
- Telsey Advisory Group has decided to maintain their Market Perform rating on Bed Bath & Beyond, which currently sits at a price target of $18.
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.
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