July 9 options now available for Beyond Meat (BYND)
IInvestors in Beyond Meat Inc (ticker: BYND) saw new options become available today, with the July 9 expiration. AT Stock option channel, our YieldBoost formula looked top-down the BYND options chain for new July 9 contracts and identified the following sales contract of particular interest.
The contract to sell at the strike price of $ 140.00 has a current bid of $ 9.05. If an investor were to sell to open this sales contract, he agrees to buy the stock at $ 140.00, but he will also receive the premium, putting the base cost of the shares at $ 130.95 (before brokerage commissions). For an investor already interested in buying shares of BYND, this could represent an attractive alternative to paying $ 141.04 / share today.
Since the $ 140.00 strike represents a discount of around 1% from the stock’s current trading price (in other words, it’s out of the money by that percentage), it’s also possible that the sales contract expires worthless. Current analytical data (including Greeks and Greeks implied) suggests that the current chance of this happening is 100%. Stock Options Channel will follow these quotes over time to see how they change, posting a chart of these numbers on our website under the contract detail page for this contract. If the contract expires worthless, the premium would represent a 6.46% return on the cash commitment, or 54.87% annualized – at Stock Options Channel, we call that the YieldBoost.
Below is a chart showing the past twelve months trading history for Beyond Meat Inc, and highlighting in green where the $ 140.00 strike falls against that history:
Meanwhile, we calculate the actual volatility for the past twelve months (considering the last 253 closing trading day values as well as the current price of $ 141.04) to be 62%. For more put and call option contract ideas worth considering, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.