Bearish on Bed Bath & Beyond

Published on
October 24th, 2019
8 minutes

Bearish on Bed Bath & Beyond

Technical Trader ·
Featuring Dave Floyd

Published on: October 24th, 2019 • Duration: 8 minutes

Dave Floyd of Aspen Trading Group sees $BBBY's recent price spike as a great opportunity to get short. Since Mark Tritton’s appointment as CEO was announced on October 9th, the stock is up over 40%, and Floyd sees this as too much too fast for the relatively untested executive. With over 60% of the float currently shorted, Floyd lays out an alternative method of playing the setup using call spreads. Filmed on October 23, 2019 in Bend, Oregon.