Bed Bath & Beyond Earning Play
THIS IS NOT FINANCIAL ADVICE, WANTED TO SHARE MY THOUGHTS AND IDEAS ABOUT BBBY ER PLAY. Open to any suggestions.
Brick and mortars companies been doing good this quarter. If you check BBBY competitors, Lowes went up from ~180 to ~200, wayfair went up from ~240 to ~280 and etc. Even non competitors like HomeDepot (Also brick and mortar store) went up.
BBBY closed non profitable stores, cut down their management staff. Saved money basically. And as you know saving is making. In addition to that they have launched online shopping and have partnered with doordash.
My positions – $30 100 calls expiring in 2 weeks.
Submitted September 28, 2021 at 08:00PM by No-Yesterday-7217
via reddit https://ift.tt/39ZRrjn