I've gotten A LOT of requests about this one.
BYND is STILL hard to short and it's making a parabolic move higher (which will create a nice 30-40% pull back in the NEAR future)
IV (implied volatility is SOOOO HIGH right now) it's hard to do a straddle or strangle. BYND would have to gap and move about 20%+ to make money on one of these strategies. Although it could and probably might, I would only suggest this approach if you are very skilled in options. VERY SPREADY options on BYND.
Secondly, I do think BYND will hit $300 ish and pull a TLRY at some point. NICE product, fun move, earnings and revenue will be solid this Q ~ but expect a larger pull back at some point. "DON'T BE THAT GUY" whenever it hits around $300....
JUST MY THOUGHTS and opinions
A $300 call for Sep has a $5.60 bid and a $8.30 ask... the market has NO IDEA ...
BYND is STILL hard to short and it's making a parabolic move higher (which will create a nice 30-40% pull back in the NEAR future)
IV (implied volatility is SOOOO HIGH right now) it's hard to do a straddle or strangle. BYND would have to gap and move about 20%+ to make money on one of these strategies. Although it could and probably might, I would only suggest this approach if you are very skilled in options. VERY SPREADY options on BYND.
Secondly, I do think BYND will hit $300 ish and pull a TLRY at some point. NICE product, fun move, earnings and revenue will be solid this Q ~ but expect a larger pull back at some point. "DON'T BE THAT GUY" whenever it hits around $300....
JUST MY THOUGHTS and opinions
A $300 call for Sep has a $5.60 bid and a $8.30 ask... the market has NO IDEA ...
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