Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Loser: 31.46% Loss On BBBY Call Options

|Includes: Bed Bath & Beyond Inc. (BBBY)

Yesterday we sold our BBBY 19MAY17 37.50 Call Options for a loss of 31.46% on the trade.

We recommended going LONG Bed, Bath, & Beyond (NASDAQ:BBBY) in our SA Article: BBBY: Buy Low and Hold, published on April 6, 2017.

This trade never really got any traction, with the shares stalling at the $40.00 resistance level twice since we bought. Yesterday, with the shares trading below our stop-loss exit price of $39.00, we decided to book our loss and move on.

Real-time trade alerts are available to Members of our trading website ChartMasterPro.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.