A whale with a lot of money to spend has taken a noticeably bearish stance on Beyond Meat.
Looking at options history for Beyond Meat BYND we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33.33% of the investors opened trades with bullish expectations and 66.67% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $3,036,645.00 and 2, calls, for a total amount of $58,154.00.
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 $40.0 to $100.0 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 $40.0 to $100.0 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 | TRADE | BULLISH | 01/19/24 | $80.00 | $957.3K | 1.1K | 302 |
| BYND | PUT | TRADE | BULLISH | 05/20/22 | $95.00 | $840.0K | 2.3K | 250 |
| BYND | PUT | TRADE | BEARISH | 01/21/22 | $90.00 | $243.5K | 6.4K | 111 |
| BYND | PUT | SWEEP | BEARISH | 01/20/23 | $75.00 | $233.5K | 3.0K | 100 |
| BYND | PUT | TRADE | BEARISH | 01/19/24 | $40.00 | $200.0K | 1 | 201 |
Where Is Beyond Meat Standing Right Now?
- With a volume of 2,506,519.00, the price of BYND is down -7.22% at $65.03.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 76 days.
What The Experts Say On Beyond Meat:
- Bernstein downgraded its action to Market Perform with a price target of $100.0
- Piper Sandler has decided to maintain their Underweight rating on Beyond Meat, which currently sits at a price target of $72.0.
- HSBC downgraded its action to Reduce with a price target of $62.0
- Credit Suisse has decided to maintain their Underperform rating on Beyond Meat, which currently sits at a price target of $60.0.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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