BYND Hail Mary Trade
I'm doing this for shits and I bought 10 puts @ 60 exp Jan 17 2020 $1 each
If BYND drops to around $80 I'll profit $3 per put. If even lower. It'll be better.
Share lock up expires oct 29th but BYND may have a plan and they have had conservative guidance so its also possible that revenues beat and that pushes shares higher for awhile however valuation does seem kind of extreme on this. I may be wrong. I'm not a fundamentals guy.
If BYND drops to around $80 I'll profit $3 per put. If even lower. It'll be better.
Share lock up expires oct 29th but BYND may have a plan and they have had conservative guidance so its also possible that revenues beat and that pushes shares higher for awhile however valuation does seem kind of extreme on this. I may be wrong. I'm not a fundamentals guy.
Trade closed: target reached
$135
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.