Will_Wong

BYND: This beast had gone up 720%. Is it time to short? EW

Short
Will_Wong Updated   
NASDAQ:BYND   Beyond Meat, Inc.
suggest yes.
Comment:
This thing dropped 12% today. Would have been a great short.
Comment:
Since I posted this, BYND has dropped $42 or about 19%. A ATM or NTM put would have yielded a profit close to $4K a contract. This would have been the easiest money. It coincide with the market selloff too. Unfortunately it is too obvious. Even experienced traders that I know didn’t want anything to do with shorting BYND. Too bullish they said!
Sigh!

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.