Options Bears Loading Up on Tyson Foods Stock

TSN is down 25% in 2022

facebook twitter linkedin


Tyson Foods, Inc. (NYSE:TSN) is flat this morning, with no real premarket movement occurring. The stock has been a snooze in recent months, consolidating below $68. It's no surprise then, that put traders are growing in popularity.

TSN is down 25% in 2022, with its 50-day moving average containing any breakouts. The shares are not off their Oct. 22 multi-year bottom of $62.94. 

TSN Stock Chart

Short-term options traders have been overwhelmingly bearish towards TSN. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) 2.08, which is higher 93% of readings from the past year.

Echoing this, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the shares' 50-day put/call volume ratio of 1.11 sits higher than 63% of annual readings, indicating long puts have been getting picked up at a much quicker-than-usual clip.
 

Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!