After a disastrous earnings, Bed Bath & Beyond Inc (NASDAQ: BBBY) has been climbing the hill over the past few weeks and finds itself at its pre-earnings high near $11.50. As the price faded from its high yesterday, the put option volume surged to nearly six times the average and is indicating another leg lower.
On July 8, the company announced earnings that saw its EPS miss the estimates by over 60% and the price closed nearly 25% lower the next day on substantial volume. Since that day the price has grinded higher following a short bottoming phase. Since the announcement, the curr...
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