Bullish
$BYND Juicy implied volatility spike in Beyond Meat as options volume tops 200K for third day. Stock up $7.75, 9.5%, this afternoon with total volume 4x normal and 42% of today's volume in weeklys that expire tomorrow. 90 strike calls for 1/10 and 1/17 expiries lead the volume with nearly 15K of each trading in relatively small lots, while the largest single trade is the Feb 100 rev/con 1500x for 12c below parity, effectively a 43day financing trade that may offset a stock-loan. Implied volatilities in Beyond Meat are up sharply today, nearly 10 points to the 65% range in the front-term weeklies.
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