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,
Davis Martin
America’s #1 Options Trader
@DavisMartin88
@DavisMartin88
@DavisMartin88
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.