Financial giants have made a conspicuous bullish move on Beyond Meat. Our analysis of options history for Beyond Meat BYND revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $348,760, and 4 were calls, valued at $225,280.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.0 and $40.0 for Beyond Meat, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Beyond Meat's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Beyond Meat's substantial trades, within a strike price spectrum from $7.0 to $40.0 over the preceding 30 days.
Beyond Meat Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BYND | PUT | SWEEP | BULLISH | 04/19/24 | $8.00 | $119.0K | 6.3K | 306 |
| BYND | CALL | SWEEP | BULLISH | 04/19/24 | $8.00 | $112.3K | 4.7K | 474 |
| BYND | PUT | SWEEP | BULLISH | 04/19/24 | $7.00 | $71.6K | 3.2K | 3.4K |
| BYND | PUT | TRADE | BEARISH | 03/15/24 | $15.00 | $51.6K | 311 | 82 |
| BYND | CALL | SWEEP | BEARISH | 03/15/24 | $9.00 | $48.4K | 1.3K | 563 |
About Beyond Meat
Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.
In light of the recent options history for Beyond Meat, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Beyond Meat Standing Right Now?
- Currently trading with a volume of 6,528,147, the BYND's price is down by -3.36%, now at $9.5.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 69 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Beyond Meat, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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