Beyond Meat Stock Blasted by Options Players Amid Rally Attempt

The stock is trying to distance itself from its record lows

Digital Content Manager
Dec 8, 2022 at 1:23 PM
facebook X logo linkedin

Beyond Meat Inc (NASDAQ) has been on the chopping block recently. Between the broader market's inflation issues, a report calling out food safety issues at a Pennsylvania plant, and the resignation of several executives, the former Wall Street favorite has its fair share of hurdles to overcome right now. Unsurprisingly, the equity dipped back towards its all-time lows near the $11.50 region several times during the past few months. Meanwhile, the $17.50 level and 80-day moving average both loom above as potential resistance levels. 

The stock is rising with the rest of the market today, though -- last seen up 5.8% at $16.50. A Forbes article might be fueling some of the positive price action. Forbes reported that the company is hoping to make a comeback with its Beyond Steak product, which the company hopes to roll out to a number of restaurants, including pizza chain Fired Pie. However, Beyond Meat chose to withhold its actual revenue goals for Beyond Steak sales next year. 

Regardless of what's driving today's price action, options players are glomming on. So far, 33,000 calls and 38,000 puts have exchanged hands, which is double the intraday average. The most popular position is the February 2023 10-strike put, followed by the 7.50-strike put in the same monthly series. Positions are being sold at both. 

A wider look shows calls have been unusually popular. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock sports a 10-day call/put volume ratio of 1.87 that stands higher than 81% of readings from the past year. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI