Post-Spin Health and Wellness Retailer Setting Up for Breakout
Bath & Bodyworks (BBWI) shares consolidating in a narrow range above the 8- and 21-EMA with the top of monthly value just above Friday’s highs. A breakout move has room to move back to $82-$83 and above the August highs. BBWI has seen a lot of bullish flow including buyers in the February $75 calls over 5000X and May $85 calls over 6500X.
Trade to Consider: Long the BBWI January $80 Calls for $2.75 or Better
