Bed Bath & Beyond earnings 1/6/2022

Bed Bath & Beyond (BBBY) reported Q2 August 2021 earnings of $0.04 per share on revenue of $2 billion. The consensus earnings estimate was $0.53 per share on revenue of $2.1 billion. Revenue fell 26.2% compared to the same quarter a year ago. The company said it expects third quarter results to range from breakeven to earnings of $0.05 per share on revenue of $1.96 billion to $2 billion. I'm starting to plan a long position ahead of Q3 earnings because all the bad news is baked in and the setup has little downside risk left. All it would take is some good news. lol.

Q3 November 2021 Consensus:
EPS = $.02
Revenue = $1.98B
52 week H = $53.90
52 week L = $13.38

Price levels 1 day chart:
SMA200 = $24.86
SMA150 = $24.06
SMA100 =$21.24
SMA50 =$18.21

breakout = $20.56
R3 = $19.44
R2 = $18.31
R1 = $17.19
pivot = $16.06
S1 = $14.94
S2 = $13.81
S3 = $12.69
breakdown = $11.64

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com/u/growerik/

Comment:

Current 1/7/22 expiry Put/Call Open Interest ratio = .42

Comment:

BBBY gap jump faded throughout the day, but still quite the upside move.

Comment:

BBBY 1/20/2023 LEAPS options data:

Put Volume Total 33,969
Call Volume Total 286,773
Put/Call Volume Ratio 0.12
Put Open Interest Total 77,493
Call Open Interest Total 366,687
Put/Call Open Interest Ratio 0.21

Comment:

BBBY 1/20/2023 LEAPS otm calls strikes data:

$80 strike : 100,538 volume : 94,529 open interest
$70 strike : 23,408 volume : 2,065 open interest
$60 strike : 20,877 volume : 141,607 open interest
$50 strike : 14,661 volume : 11,098 open interest
$40 strike : 15,292 volume : 13,996 open interest
$30 strike : 9,827 volume : 17,997 open interest

Comment:

Time to buy 100 BBBY shares?

Trade active:

100 BBBY shares

Comment:

BBBY likely $18 resistance level today

Comment:

I still think BBBY has a gap to fill $18

Comment:

I guess tomorrow is another day

Trade active:

BBBY straddle