Someone with a lot of money to spend has taken a bearish stance on Beyond Meat (NASDAQ: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 37 options trades for Beyond Meat.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.
Out of all of the options we uncovered, 36 are puts, for a total amount of $1,565,563, and there was 1 call, for a total amount of $186,750.
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 $115.0 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 1135.38 with a total volume of 4,151.00.
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 $115.0 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 | CALL | TRADE | BULLISH | 01/20/23 | $5.00 | $186.7K | 45 | 45 |
| BYND | PUT | TRADE | NEUTRAL | 09/16/22 | $110.00 | $95.9K | 2.2K | 175 |
| BYND | PUT | SWEEP | BULLISH | 05/20/22 | $35.00 | $83.4K | 1.4K | 954 |
| BYND | PUT | SWEEP | BEARISH | 09/16/22 | $110.00 | $76.8K | 2.2K | 197 |
| BYND | PUT | TRADE | NEUTRAL | 09/16/22 | $115.00 | $68.6K | 1.9K | 24 |
Where Is Beyond Meat Standing Right Now?
- With a volume of 3,029,102, the price of BYND is down -3.54% at $46.91.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 38 days.
What The Experts Say On Beyond Meat:
- BMO Capital has decided to maintain their Market Perform rating on Beyond Meat, which currently sits at a price target of $60.
- Goldman Sachs has decided to maintain their Sell rating on Beyond Meat, which currently sits at a price target of $40.
- Piper Sandler downgraded its action to Underweight with a price target of $29
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.
