Bullish option flow occurred in Bed Bath and Beyond $BBBY stock on October 25, 2022, as traders bet on a massive short-squeeze in the stock.
Bullish Option Flow In $BBBY Stock
In particular, there was the $7.50 call with a November 4, 2022, expiration date where the options were purchased above the ask (AA). These AA purchases show the desire to bet on the long side as quickly as possible, so as quickly getting into the trade was more important than price.
Bed Bath creditors working with Perella Weinberg ahead of bond talks, WSJ says
On October 4, 2022, the WSJ reported that some Bed Bath & Beyond bondholders were working with Perella Weinberg Partners ahead of debt talks expected to be held with the company. The company said last week it is considering launching a distressed exchange that would swap the outstanding bonds for new, longer-tenured debt or equity in the company, based on their trading prices. Source: https://www.wsj.com/articles/bed-bath-beyond-creditors-organize-ahead-of-bond-talks-11664837718
Bed Bath and Beyond $BBBY Technical Analysis
Bed Bath and Beyond $BBBY stock is in a technical strong downtrend. Long-term indicators suggest a continuation of the downtrend.