Looking At Beyond Meat's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Beyond Meat BYND.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BYND, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Beyond Meat.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $426,800, and 4 are calls, for a total amount of $164,379.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $150.0 for Beyond Meat over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Beyond Meat options trades today is 830.0 with a total volume of 3,442.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Beyond Meat's big money trades within a strike price range of $20.0 to $150.0 over the last 30 days.

Beyond Meat Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BYND PUT SWEEP BULLISH 01/20/23 $20.00 $117.5K 981 280
BYND PUT SWEEP BULLISH 05/20/22 $150.00 $84.2K 34 15
BYND PUT TRADE BEARISH 01/19/24 $30.00 $66.7K 683 51
BYND CALL SWEEP BULLISH 05/20/22 $30.00 $55.9K 2.3K 383
BYND CALL SWEEP BULLISH 05/27/22 $36.00 $54.0K 64 1.5K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BYND PUT SWEEP BULLISH 01/20/23 $20.00 $117.5K 981 280
BYND PUT SWEEP BULLISH 05/20/22 $150.00 $84.2K 34 15
BYND PUT TRADE BEARISH 01/19/24 $30.00 $66.7K 683 51
BYND CALL SWEEP BULLISH 05/20/22 $30.00 $55.9K 2.3K 383
BYND CALL SWEEP BULLISH 05/27/22 $36.00 $54.0K 64 1.5K

Where Is Beyond Meat Standing Right Now?

  • With a volume of 2,056,688, the price of BYND is down -9.22% at $28.36.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 80 days.

What The Experts Say On Beyond Meat:

  • Credit Suisse has decided to maintain their Underperform rating on Beyond Meat, which currently sits at a price target of $20.
  • Mizuho has decided to maintain their Neutral rating on Beyond Meat, which currently sits at a price target of $35.
  • Barclays downgraded its action to Equal-Weight with a price target of $25
  • Goldman Sachs has decided to maintain their Sell rating on Beyond Meat, which currently sits at a price target of $14.
  • Cowen & Co. has decided to maintain their Market Perform rating on Beyond Meat, which currently sits at a price target of $26.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets