Bed Bath & Beyond shares are thriving. The home goods retailer's stock has rallied nearly 50 percent in 2019, putting it on track for its best quarter since 1993. But one trader is betting big that the stock is about to get put through the wash.
Bed Bath & Beyond shares are thriving. The home goods retailer's stock has rallied nearly 50 percent in 2019, putting it on track for its best quarter since 1993. A bulk of the gains came from the company's mid-January earnings report, where the stock saw a nearly 20 percent gain in a single day after delivering strong guidance.
Despite the feel-good story surrounding Bed Bath & Beyond, one trader is betting big that the stock is about to get put through the wash. "We did see a big and unusual trade in Bed Bath & Beyond," said"Options Action" trader Mike Khouw on"Fast Money" Tuesday."We saw someone buy 19,000 of the May 14-puts. They spent $0.67 per contract.
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