Unusual Options Activity: Beyond Meat (BYND)

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Unusual Options Activity: Beyond Meat (BYND)

Alternative protein producer Beyond Meat (BYND) has been in a multi-year downtrend, with shares down over 40% in the past year. One trader sees further downside in the weeks ahead. That’s based on the March $5 puts. With 24 days until expiration, 12,527 contracts traded compared to a prior open interest of 284, for a 44-fold rise in volume on the trade. The buyer of the puts paid $1.30 to make the bearish bet. Beyond Meat shares recently traded …