Tim Biggam's Bearish Beyond Meat Trade

Tim Biggam of Delta Derivatives spoke on Bloomberg Markets about his bearish options trade in Beyond Meat Inc BYND.

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He wants to sell the June 100 call and buy the June 105 call for a total credit of 60 cents. If the stock stays below $100 at the June expiration, he is going to collect the 60 cents premium. In case it trades above $105, he can maximally lose $4.40.