As such, it will be interesting to see how long this move can last. Still a troubled retailer, investors looking for outsized short-term gains appear to be far outnumbering fundamentals-oriented investors. This fact appears to have encouraged retail investors to continue to double down, with call options flying for Bed Bath & Beyond. Accordingly, Ryan Cohen appears to have made this bet before it was popular to do so. The 13-F filing that was released was for positions entered into before July 31.

The interesting thing about the recent surge in BBBY stock is that most of the gains have occurred in August. Let’s dive into what investors should make of this intriguing BBBY stock bet.īBBY Stock Soars on Retail Investor Interest Today’s surge has certainly propelled the value of Cohen’s bet higher, too, although it’s unclear whether he intends to hold the options to expiry or not. These targets range from the $60 to $80 level, meaning Cohen could lose the entirety of his bet if shares fail to trade at these levels by the January 2023 expiry.Ĭohen’s bet isn’t insignificant, with the call options placed at very out-of-the-money levels. Via a regulatory filing yesterday, Ryan Cohen’s RC Ventures made a big bet on BBBY stock hitting very high price targets. This incredible move comes as retail investors digest an intriguing move from GameStop (NYSE: GME) chairman Ryan Cohen.Ĭohen just loaded up on Bed Bath & Beyond call options. In fact, at today’s highs, BBBY stock actually soared more than 75%. At the time of this writing, Bed Bath & Beyond (NASDAQ: BBBY) stock in particular is appreciating 60%.

This meme stock rally may have more room to run, considering today’s price action across a range of high-profile meme stocks.

Bed bath beyond stock