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.
Today, Benzinga's options scanner spotted 12 options trades for Beyond Meat.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the options we uncovered, 11 are puts, for a total amount of $1,302,740, and there was 1 call, for a total amount of $100,800.
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 $5.0 to $35.0 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 3745.8 with a total volume of 27,064.00.
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 $5.0 to $35.0 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 | 01/17/25 | $5.00 | $316.6K | 12.4K | 3.5K |
| BYND | PUT | SWEEP | BULLISH | 01/17/25 | $5.00 | $240.0K | 12.4K | 5.9K |
| BYND | PUT | SWEEP | BULLISH | 01/17/25 | $5.00 | $144.0K | 12.4K | 4.8K |
| BYND | PUT | SWEEP | BULLISH | 01/17/25 | $5.00 | $120.0K | 12.4K | 1.9K |
| BYND | PUT | SWEEP | BULLISH | 01/17/25 | $5.00 | $120.0K | 12.4K | 1.4K |
Where Is Beyond Meat Standing Right Now?
- With a volume of 923,746, the price of BYND is up 0.79% at $10.79.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 73 days.
What The Experts Say On Beyond Meat:
- Mizuho has decided to maintain their Neutral rating on Beyond Meat, which currently sits at a price target of $12.
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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