Q2 STOCKS TO BUY

Beyond Meat Calls Pop After McDonald's Team-Up

McDonald's will test Beyond Meat patties in Canada

Managing Editor
Sep 26, 2019 at 12:13 PM
facebook X logo linkedin


The shares of Beyond Meat Inc (NASDAQ:BYND) are in focus this morning, after news that McDonald's (MCD) will test a new plant-based burger in Canada using Beyond Meat patties. The 12-week test will feature the plant-based burger in 28 restaurants in Ontario. In response to the link-up with the golden arches, BYND options traders are coming out in droves today.

In just the first few hours of trading, already 72,000 options have changed hands, four times the average intraday volume and pacing for the 97th percentile of its annual range. Leading the charge are the weekly 9/27 160- and 155-strike calls, and there are also new positions being opened at the weekly 9/27 170-strike call.

In response, Beyond Meat stock is up 10.3% to trade at $152.10, on track for its best day since July 17. The move higher today snaps a three-day losing streak, although the shares are still staring up at their 40-day moving average, a trendline not conquered on a closing basis since Aug. 5.

BYND Stock Chart

The emphasis on calls today runs counter to the recent options trend. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock sports a 10-day put/call volume ratio of 1.44.

Whatever the motive, now is an opportune time to speculate on BYND's short-term trajectory with options. The stock's Schaeffer's Volatility Index (SVI) of 71% is in the 16th percentile of its annual range, meaning short-term options on the security are relatively inexpensive at the moment, from a volatility standpoint.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter