Option bears step into Tractor Supply ahead of earnings

Tractor Supply executives will report the retailer's fourth-quarter profits this afternoon, and a number of investors have made a bet they will not make the market happy. (Analysts expect the company to report $1.03 per share, a number that hasn't changed since the fall.) Karee Venema at Schaeffer's Investment Research notes that options traders on Tuesday bought more than 20 times the usual volume of puts that will make money if Tractor Supply (Ticker: TSCO) falls about 3 percent in the next two weeks and change.