Futures are slightly red this morning after Chinese markets fell over 4% overnight.
But that doesn’t mean opportunity isn’t waiting for traders to pounce on it…
Having closed the NCLH trade I told you about yesterday…
I’m ready to make some new moves today.
Including a $364,000 trade which has yet to pop!
|Ticker Code||Ticker Name||Ticker Industry||Price Change||Average Volume (50)*|
|BYND||Beyond Meat Inc||Packaged Foods||-3.56%||7,579,408|
|GIS||General Mills Inc||Packaged Foods||5.94%||4,858,064|
|CAG||Conagra Brands Inc||Packaged Foods||8.99%||3,843,783|
|MKC||Mccormick & Co Inc||Packaged Foods||9.74%||671,239|
|FAMI||Farmmi Inc||Packaged Foods||25.71%||4,840,975|
|SMPL||Simply Good Foods Co||Packaged Foods||24.98%||1,470,775|
|NOMD||Nomad Foods Ltd||Packaged Foods||1.91%||934,583|
|KHC||Kraft Heinz Co||Packaged Foods||5.01%||6,388,610|
|FLO||Flowers Foods Inc||Packaged Foods||-2.86%||994,132|
|K||Kellogg Co||Packaged Foods||4.96%||2,403,389|
|CYAN||Cyanotech Corp||Packaged Foods||4.89%||12,508|
|SJM||J M SMUCKER Co||Packaged Foods||-3.04%||1,068,849|
|CPB||Campbell Soup Co||Packaged Foods||0.89%||2,335,394|
|KDP||Keurig Dr Pepper Inc||Packaged Foods||3.40%||3,820,216|
|PLAG||Planet Green Holdings Corp||Packaged Foods||-1.18%||200,830|
|MGPI||Mgp Ingredients Inc||Packaged Foods||-4.95%||96,981|
|PPC||Pilgrims Pride Corp||Packaged Foods||-12.50%||1,690,685|
|KKD||Krispy Kreme Doughnuts Inc||Packaged Foods||0.10%||NA|
|DAR||Darling Ingredients Inc||Packaged Foods||3.24%||1,016,863|
|DTEA||DAVIDsTEA Inc||Packaged Foods||-79.75%||496,615|
In recent weeks, Beyond Meat (NYSE: BYND), has seen its trading activity increase ten-fold compared to this respective period in 2019.
BYND has established partnerships with companies such as McDonalds and Dunkin Donuts, allowing them to monetize their products at a faster pace, and therefore, scale at a faster pace.
And just yesterday $364k worth of BYND July 17 140 Calls were purchased.
Sure enough, a bullish catalyst for BYND hit headlines shortly after…
Wall Street almost ALWAYS knows something we don’t and as indicated by their $364k bullish bet, they aren’t afraid to put some serious money up when they make their moves!
But here’s the kicker… BYND has yet to catch a pop to the upside as it’s actually trading lower with broader markets this morning!
As traders this means we may not have missed a possible pop in BYND… yet.
Should markets make a red-to-green move today, BYND may trade higher at a faster pace than broader markets given its bullish catalyst and bullish options flow.
If BYND makes a red-to-green move today, I’ll consider making a move on the BYND July 17 140 Calls myself.
And of course, I’ll be sure to let you know about it in my mid-day update and watchlist.
On a final note, congratulations if you caught a piece of ROKU’s +5% intraday move yesterday. I’ll be watching it again today… In case you missed it, here’s yesterday’s ROKU article.
Dedicated to your success,
America’s #1 Options Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.