Benzinga | Dec 13, 2021 01:24PM EST

Check Out What Whales Are Doing With Beyond Meat

A whale with a lot of money to spend has taken a noticeably bullish stance on Beyond Meat.

Looking at options history for Beyond Meat (NASDAQ:BYND) we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 70.59% of the investors opened trades with bullish expectations and 29.41% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $856,909.00 and 3, calls, for a total amount of $182,950.00.

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 $65.0 to $155.0 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 $65.0 to $155.0 in the last 30 days.

Beyond Meat Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestBYND PUT SWEEP BULLISH 01/20/ $155.00 $133.5K 110 108 23BYND PUT TRADE BULLISH 12/17/ $120.00 $128.8K 11.5K 40 21BYND PUT SWEEP BULLISH 01/20/ $145.00 $102.5K 294 46 23BYND CALL SWEEP BULLISH 01/20/ $150.00 $87.0K 4.3K 1.1K 23BYND PUT SWEEP BULLISH 01/20/ $155.00 $76.3K 110 12 23

Where Is Beyond Meat Standing Right Now?

* With a volume of 1,386,009.00, the price of BYND is down -2.63% at $62.81.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 73 days.

What The Experts Say On Beyond Meat:

* HSBC downgraded its action to Reduce with a price target of $62.0

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.