Closing our BBBY puts ahead of expiration.
Our BBBY put contracts are set to expire on Friday.
Shares have traded sharply lower — most recently as other retailers report disappointing earnings results.
While BBBY is a turnaround play with improving fundamentals, the market isn’t giving them credit for future improvement. I will keep the stock on my watch list as it may provide good income opportunities in the future. But for now we need to close our put contracts ahead of Friday’s expiration.
- Buy (to close) our BBBY May 20th $15 Puts
- Limit $6.30 or less
- 12:15 Executed
- Bot BBBY May 20th $15 Puts @ $6.30