Ethan Allen (ETH) – Contract Catalysts

As an interior design company, Ethan Allen Interiors is a leading manufacturer, distributor, and retailer of home furnishings and accessories that sells a full range of products through its 300-plus stores worldwide.

On Monday, in the chat room, we highlighted an unusual buyer of 1,050 May 30 Puts for 1.70 on the offer on a wide bid/ask spread of 1.35 x 1.70. This was approximately a $178,000 bearish bet with earnings historically taking place later this month (no confirmed date yet).

While it’s not apples to apples, it should be noted that whi