Spread printed on the CBOE just after 1:30PM ET, with a trader apparently selling 30K Sep 95/101 put spreads
for 13c against a buyer of 15K Sep 100/104 put spreads
in Bed, Bath and Beyond as bearish positions are adjusted.
With shares off 16c to $52.43, 31K Jun 45 - 51 put spreads
sold at 70c to buy 31K Aug 44 - 50 put spreads
The bulk of the activity is the result of one time spread: 5K Jun - Jul 5 put spreads
bought for 15c with shares trading flat at $6.05 and probably rolls a 5K lot of Jun 5 puts opened 31c on 3/20 with shares $6.23.
With USO now down 16.3% in the past two weeks, 38.1K Oct 12 - Dec 10.5 put spreads
trade 55c Monday and the diagonal spread likely rolls long puts to December from October, down 1.5 strikes, in anticipation of further losses in shares over the next six months.
Jun 14th 2.5 put spreads
bought for 9c - 20K AK Steel May - Jun 14th 2.5 put spreads
bought for 9c.
May 24th 11.5 put spreads
sold at 5c - 10K VALE May 12 - May 24th 11.5 put spreads
sold at 5c.
Another notable spread is a four-way: 16.3K May 13 - 19 put spreads
at $3.37 along with 16.3K Aug 14 - 19 put spreads
for $3, possibly rolling a long vertical to Aug from May.
in Expeditors International as shares drop nearly 5%.
The stock down 1% to $99.55 and Jun 90 - 95 put spreads
trade in small lots at $1.10 while Jun 105 - 110 call spreads also trade in small lots for $1.45.
Earlier, May 24th 81 - 82 put spreads
were sold at 12c.
Jun 9 put spreads
sold at 32c - 12.5K Cenovus Energy May 10 - Jun 9 put spreads
sold at 32c.