Bed Bath & Beyond Stock Soars In Renewed Meme Rally, Options Bets

Bed, Bath & More (BBBY) stocks surged again Wednesday as the meme stock favorite extended gains after a bullish options bet from GameStop (GME) chairman Ryan Cohen.

Cohen, who built a foothold in the homewares retailer last year and pushed for major changes, including the sale of the buybuy Baby division, bought call options through his RC Ventures investment group that expire in January next year at a strike price of between $60 and $80 each, according to Securities and Exchange Commission filings.

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