As hoped, Bed Bath & Beyond (BBBY) popped beautifully off the lows. Our BBBY August 60 calls – first picked up on June 17, 2014 at $2.70 — now trade at $4.20. That’s good for a 56% gain. Sell to close just half of the position. Hold the second half for a bit longer. At this pace, BBBY could see $68 on a gap fill.
