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