. Now, with its first-ever earnings report as a public company on deck for Thursday after the closing bell, some traders are betting it could go even higher.
"The options market's implying a very big move here, about 14%," Mike Khouw, co-founder and chief strategist at Optimize Advisors, said Wednesday on CNBC's "The trade was a purchase of the June $155/$160 call spreads for 15 cents apiece. This is a bullish bet targeting a move of about 60% higher for the stock in the next two weeks.
"Consider how far out of the money that is," Khouw said. "The buyer of that obviously is expecting some kind of a very short-term and very severe spike, and that could be betting on some kind of short-covering after they report earnings." Some version of that could play out given that Beyond Meat's short interest — the amount of shares currently sold short — is around 35%, higher than that ofBut, for now, "because of that high short interest, the options market is predicting that [Beyond Meat's stock] is going to go a little bit lower [in] June and July, maybe 4 to 6%," Khouw said.
There is a lot of potential there. And many are focused on the fact that they are unable to keep up with demand. But they are still selling a food commodity for less than it costs to produce it and they have no way currently of changing that.
Beyond Meat! First try of the meatless burger Smells like a mix of popcorn and liver cooking and a bit tricky to cook but I loved the taste and it is soy and gluten free!
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: Reuters - 🏆 2. / 97 Leer más »
Fuente: YahooNews - 🏆 380. / 59 Leer más »