Behind the Scenes of Beyond Meat's Latest Options Trends

Investors with significant funds have taken a bullish position in Beyond Meat BYND, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in BYND usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 10 options transactions for Beyond Meat. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 70% being bullish and 20% bearish. Of all the options we discovered, 9 are puts, valued at $682,413, and there was a single call, worth $44,187.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $40.0 for Beyond Meat, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Beyond Meat's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Beyond Meat's whale activity within a strike price range from $4.0 to $40.0 in the last 30 days.

Beyond Meat Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Beyond Meat

Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels, and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.

Current Position of Beyond Meat

• With a trading volume of 1,370,984, the price of BYND is up by 3.34%, reaching $7.26.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 87 days from now.

What Analysts Are Saying About Beyond Meat

4 market experts have recently issued ratings for this stock, with a consensus target price of $6.125.

• An analyst from Mizuho persists with their Underperform rating on Beyond Meat, maintaining a target price of $6.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Beyond Meat, targeting a price of $9.
• An analyst from TD Cowen has decided to maintain their Sell rating on Beyond Meat, which currently sits at a price target of $6.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Beyond Meat, targeting a price of $3.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Beyond Meat options trades with real-time alerts from Benzinga Pro.