I am not playing BYND, there are far too many people who lost money shorting this. They might be coming back for some more beating...
On the other hand, do you actually believe BYND shares are worth more than $200 ?
The option straddle is pricing a 20% move on earnings reported today (Monday 29th) after close. I think it might change even more. Specially on a downside.
*Set your limits and know how much you are willing to lose if this don't go your way!
Also remember, your limits will NOT apply on the price changing outside regular hours.
On the other hand, do you actually believe BYND shares are worth more than $200 ?
The option straddle is pricing a 20% move on earnings reported today (Monday 29th) after close. I think it might change even more. Specially on a downside.
*Set your limits and know how much you are willing to lose if this don't go your way!
Also remember, your limits will NOT apply on the price changing outside regular hours.