We've already posted an idea about BYND a few days ago. The ER is now only one hour away. Premarket volume and volatility was significant today while the short ratio has increased to a whopping 0.62 (Source: Finviz). From the fundamentals, this stock is overvalued. However, remember that the market can remain irrational for longer than you can remain solvent. My advice: If you're not absolutely sure about what you're doing then simply leave it alone! It's not worth to go bust on a completely erratic stock. Just watch the chart and / or the conference call and learn.
Personally, I have made enough profit on the long side so that I put a fraction of that into put options. Even if they expire worthlessly I have enough profit left.
GL to you if you have a position open, no matter what direction!
Personally, I have made enough profit on the long side so that I put a fraction of that into put options. Even if they expire worthlessly I have enough profit left.
GL to you if you have a position open, no matter what direction!