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Put spreads in Bed, Bath and Beyond as bearish positions are adjusted.

Put spreads in Bed, Bath and Beyond as bearish positions are adjusted. The stock off 5% to $12.84 and 10K Aug 10 - 12.5, 2X1, put spreads trade 40c. The ratio spread appears to roll long puts down 2.5 strikes, while doubling position size. Separately, 5.7K Jun 7th 13.5 - Jun 13 put spreads trade 12c and probably long puts to June monthly contracts from June 7th weeklies. The stock off 30% in the past two months and the put spreads Wednesday express concerns about further losses in the weeks/months ahead. Earnings due again 7/10 - shares took a -9% bath on 4/11 after the last report.

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Publication:The Fly
Date:Jun 5, 2019
Words:112
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