Between late August and mid-October, James Barnes at BBA Holding Corp. built a position in Barnes & Noble Education, now at 5.07 percent of shares and thus requiring reporting to the SEC in a form 13D. Barnes controls approximately 2.4 million shares of the underperforming campus bookseller — and he also sold short puts on another 1.9 million shares expiring in 2020 at prices of between $2.50 a share and $5.00 a share (betting that the stock will stay above the put prices). After bottoming out at under $3 a share in early October, the stock now trades at $4.25 […]
