BBBY, Bed Bath & Beyond Inc., Targeting $51

March 17, 2011 in Daily Outlook

BBBY, Bed Bath & Beyond Inc., is set to bounce off its ascending trend line targeting $51 before May Option Expiration where it will find resistance at the top of it’s ascending wedge. BBBY set to bounce off of it’s 200 EMA. Option Strategies to Consider at current price action ($46) Out the Money Naked Put (or cash covered put) – Using $42 as a  support line, shorting the $41 Strike May Put Option would [...]