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Hawk’s Nest

Discount Retailer with High Short Float Sees Opening Put Sale

by | Sep 7, 2022

Big Lots (BIG) with 1000 April $20 puts sold to open at $3.60 bids showing aggressive willingless to be long at current price levels as the stock forms a solid base the past few months. BIG also has a very high short float at 34% which often means it can squeeze higher fast on a rally. Definitely a beaten up name this year but these put sales show confidence in the 20 price level being a solid one to lean long.