BYND Bearish inclined naked calls 2 Dec expiry
Whats The Plan/Trade/Thought
BYND does alternative meat (beef). During an inflation period with interest hikes. I believe the company will get hit by more expensive loans and consumers will move to cheaper meat alternatives like chicken
Risk Mitigation
I see 16.51 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side (Y/N)
N
Trade Specs
Sold 410 Calls @ 0.13
Strike 19
37.2% to Strike
BP Used: 54k
Max Gain: 5330
BYND does alternative meat (beef). During an inflation period with interest hikes. I believe the company will get hit by more expensive loans and consumers will move to cheaper meat alternatives like chicken
Risk Mitigation
I see 16.51 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side (Y/N)
N
Trade Specs
Sold 410 Calls @ 0.13
Strike 19
37.2% to Strike
BP Used: 54k
Max Gain: 5330
30 Dec expiry - 18.5 Strike, 0.06, 578 Units 30% from Strike