Looking At Beyond Meat's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Beyond Meat BYND, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BYND usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Beyond Meat. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 8 are puts, totaling $431,870, and 2 are calls, amounting to $88,732.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $7.5 to $40.0 for Beyond Meat over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $7.5 to $40.0 in the last 30 days.

Beyond Meat Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Having examined the options trading patterns of Beyond Meat, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Beyond Meat

• With a volume of 4,879,328, the price of BYND is up 5.55% at $7.99.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 80 days.

Expert Opinions on Beyond Meat

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $7.0.

• An analyst from BMO Capital has decided to maintain their Market Perform rating on Beyond Meat, which currently sits at a price target of $7.

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 Meat options trades with real-time alerts from Benzinga Pro.