A U.S. bankruptcy judge on Tuesday approved Overstock.com's $21.5 million purchase of Bed Bath & Beyond's brand name, intellectual property and ecommerce platform. Overstock emerged as the winning bidder for the company's intellectual property in a deal worth $21.5 million, court filings showed on Thursday. Bed Bath & Beyond stores and inventory are not part of the deal. (Source: Reuters June 27th)
I will be watching how this unfolds before I can make a short or long thesis. That's why I am posting a blank weekly chart of OSTK until I see something that makes sense. My hunch is that BBBY traders might take a hold of OSTK stock upside momentum short term, followed by a short seller drop afterwards. We'll see, I'm neutral for now.
I will be watching how this unfolds before I can make a short or long thesis. That's why I am posting a blank weekly chart of OSTK until I see something that makes sense. My hunch is that BBBY traders might take a hold of OSTK stock upside momentum short term, followed by a short seller drop afterwards. We'll see, I'm neutral for now.
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/
7/7 expiry
Put Volume Total 1,688
Call Volume Total 15,757
Put/Call Volume Ratio 0.11
Put Open Interest Total 1,386
Call Open Interest Total 5,173
Put/Call Open Interest Ratio 0.27
7/14 expiry
Put Volume Total 249
Call Volume Total 4,029
Put/Call Volume Ratio 0.06
Put Open Interest Total 407
Call Open Interest Total 3,279
Put/Call Open Interest Ratio 0.12
7/21 expiry
Put Volume Total 1,749
Call Volume Total 14,768
Put/Call Volume Ratio 0.12
Put Open Interest Total 1,440
Call Open Interest Total 6,299
Put/Call Open Interest Ratio 0.23