This Is What Whales Are Betting On Beyond Meat

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 16 uncommon options trades for Beyond Meat.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $530,994, and 9 are calls, for a total amount of $462,105.

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 $15.0 to $70.0 for Beyond Meat over the last 3 months.

Volume & Open Interest Development

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 $15.0 to $70.0 in 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 08/19/22 $35.00 $116.9K 807 205
BYND PUT TRADE BULLISH 08/19/22 $35.00 $113.0K 807 101
BYND CALL SWEEP BULLISH 01/20/23 $15.00 $106.2K 992 175
BYND PUT SWEEP BULLISH 08/19/22 $35.00 $91.1K 807 482
BYND CALL SWEEP BULLISH 01/20/23 $15.00 $75.0K 992 300

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BYND PUT SWEEP BULLISH 08/19/22 $35.00 $116.9K 807 205
BYND PUT TRADE BULLISH 08/19/22 $35.00 $113.0K 807 101
BYND CALL SWEEP BULLISH 01/20/23 $15.00 $106.2K 992 175
BYND PUT SWEEP BULLISH 08/19/22 $35.00 $91.1K 807 482
BYND CALL SWEEP BULLISH 01/20/23 $15.00 $75.0K 992 300

Where Is Beyond Meat Standing Right Now?

  • With a volume of 1,318,560, the price of BYND is up 1.94% at $25.27.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 57 days.

What The Experts Say On Beyond Meat:

  • BMO Capital has decided to maintain their Market Perform rating on Beyond Meat, which currently sits at a price target of $30.
  • 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.
  • Credit Suisse has decided to maintain their Underperform rating on Beyond Meat, which currently sits at a price target of $20.

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

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