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Schaeffer's Market Blog: Bed Bath &Amp; Beyond (BBBY) Sees Increase in Call Trading
Monday, March 30, 2009 4:16 PM


(Source: Business Wire)trackingCall traders have flocked to Bed Bath & Beyond (NASDAQ: BBBY) this afternoon as volume has spiked to more than 6,300 contracts. This volume is 4.1 times the stock's average daily call trading volume of 1,537 contracts.

Most of today's action has crossed the tape at the stock's April 22.50 call, which has seen volume of 5,700 contracts on open interest of 12,037 contracts. At 9:55 a.m. Eastern time, several blocks totaling 4,475 contracts changed hands at an ask price of $2.35. The implied volatility for this option has increased from 63% to 74.8% today. The 1-month historical volatility for the security currently stands at 56.97%, indicating that this option is relatively expensive in comparison to the security's past performance.

To continue reading this article, click here: http://www.schaeffersresearch.com/commentary/content/bed+bath+beyond+bbby+sees+increase+in+call+trading/optionbytes.aspx?single=true&byteID=92115#92115&source=businesswire

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