CBRL - Cracker Barrel Old Country Store INC
The bullish chart and options order flow as well as the probability of a short squeeze caused us to go with a Vertical call spread (15 SEP 150 Calls // 20 OCT 155 Calls). This means I bought 150 strike call options that expire at the end of this week and I sold the 155 strike call options that expire on the 20th of October. We will see what happens tomorrow 🙂 GL all!
Vert call spread: 15 SEP 150C / 20 OCT 155C
The largest order of the day was a Call buy: 500 15 SEP 155 Calls bought at a price of $1.65 EA. While the second largest order looks like it should be a large put sell order: 442 puts sold (likely) at a price of $5.50 per contract. I came to this conclusion because the bid/ask spread at the time was $5.40 x $6.10. Overall, the daily option order flow was Bullish.
UNFI - United Natural Foods INC