What the Options Market Tells Us About Beyond Meat

Benzinga's options scanner just detected over 9 options trades for Beyond Meat BYND summing a total amount of $459,745.

At the same time, our algo caught 7 for a total amount of 442,745.

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 $6.0 to $20.0 for Beyond Meat over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Beyond Meat stands at 797.6, with a total volume reaching 1,477.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Beyond Meat, situated within the strike price corridor from $6.0 to $20.0, throughout 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 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.

Following our analysis of the options activities associated with Beyond Meat, we pivot to a closer look at the company's own performance.

Where Is Beyond Meat Standing Right Now?

• Trading volume stands at 1,578,583, with BYND's price up by 0.14%, positioned at $7.33.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 31 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Beyond Meat with Benzinga Pro for real-time alerts.