Buffalo Wild Wings(NASDAQ:BWLD) owns, operates and franchises 495 restaurants featuring chicken wings. BWLD is expected to report Q4 EPS on February 12. BWLD is recently down 61c to $24.74. BWLD call option volume of 740 contracts compares to put volume of 2,847 contracts. BWLD February 25 straddle is priced at $5.40. BWLD March option implied volatility of 80 is above its 26-week average of 56 according to Track Data, suggesting hedging for downside price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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