AAL

Beyond Meat Options Hot as Stock Soars

Tim Hortons said it is testing Beyond Breakfast sausage

May 15, 2019 at 2:59 PM
facebook X logo linkedin


Beyond Meat Inc (NASDAQ:BYND) stock is red-hot today, after Tim Hortons -- the Canadian coffee chain owned by Restaurant Brands (QSR) -- said it is testing Beyond Breakfast Sausage sandwiches in select markets. At last check, BYND was up 11.5% at $88.84, earlier tagging a record high of $93 per share.

Options traders are showing unusual interest in the stock amid this surge, too, with a record 53,000 calls and 32,000 puts on the tape so far. Buy-to-open activity has been detected at the May 90 and 100 calls, while bulls also appear to be targeting the further-dated June 100 calls. If this is the case, speculators expect BYND shares to extend this upside momentum over the next six weeks.

Bullish betting has been popular since Beyond Meat options began trading one week ago. While the May 60 put is home to peak open interest of 2,812 contracts, it looks like notable sell-to-open activity has occurred here. Next up are the May 80 and June 70 calls, where it appears new positions were purchased.

Since opening on the Nasdaq at $46 on May 2 -- well above its initial public offering (IPO) price of $25 -- BYND stock has nearly doubled. Underscoring the security's red-hot start, today will mark the Beyond Meat's third-best day since going public, with the equity jumping 14.7% yesterday and soaring 12% on May 6.

beyond meat stock daily price chart on may 15

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.