JJ Kinahan On Pier 1 Imports Ahead Of Earnings

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan discussed options activity on Pier 1 Imports Inc PIR ahead of its earnings report.

Kinahan said that April $12 Puts were seeing buying activity.

Additionally, Kinahan noted that Puts were trading a 20 times the normal volume while the stock was at its 81st percentile from an implied volatility perspective.

The company was scheduled to report Q4 earnings following the market close on Wednesday.

Heading into its earnings release, Pier 1 Imports Inc traded at $13.60, up 1.30 percent.

Kevin Riley and Brianna Valleskey contributed to this report.