Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going down with fear,
go short on weak companies when they are 75% at the top of the range.
The current story and situation of BYND fits this criteria in terms of weak operational roll out, business viability in a price conscious consumer environment. I don't think in such an uncertain market will traders want to risk their money on this company
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Calls @ 0.18
Strike 27
55% to Strike
BP Used: 101k
Max Gain: 9,180
We have to adopt a Range market stance. When markets are going down with fear,
go short on weak companies when they are 75% at the top of the range.
The current story and situation of BYND fits this criteria in terms of weak operational roll out, business viability in a price conscious consumer environment. I don't think in such an uncertain market will traders want to risk their money on this company
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Calls @ 0.18
Strike 27
55% to Strike
BP Used: 101k
Max Gain: 9,180
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.
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.