Beyond Unusual Options Activity For April 30

Investors with a lot of money to spend have taken a bullish stance on Beyond BYON.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BYON, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Beyond.

This isn't normal.

The overall sentiment of these big-money traders is split between 62% bullish and 12%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $90,592, and 6 are calls, for a total amount of $321,317.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $50.0 for Beyond during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Beyond's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Beyond's significant trades, within a strike price range of $12.5 to $50.0, over the past month.

Beyond 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Beyond

Beyond Inc is an online retailer that provides products and services through websites. The company offers a broad range of products, including furniture, décor, area rugs, bedding and bath, home improvement, outdoor, and kitchen and dining items, BMMG (like books, magazines, CDs), electronics, and other items. The home and garden product line accounts for a material part of its total revenue. The company operates through a direct business that makes sales from the company's own inventory, and a partner business that sells merchandise from manufacturers, distributors, and other suppliers through the company's websites. The company generates the majority of its total revenue from partner business in terms of business format, and from the U.S. in terms of market.

In light of the recent options history for Beyond, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Beyond Standing Right Now?

• Trading volume stands at 1,293,940, with BYON's price down by -1.43%, positioned at $20.36.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 6 days.

What The Experts Say On Beyond

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $40.4.

• Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Beyond with a target price of $26.
• In a cautious move, an analyst from Maxim Group downgraded its rating to Buy, setting a price target of $50.
• An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $43.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $40.
• In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $43.

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 options trades with real-time alerts from Benzinga Pro.