I'm out of bynd. Probably won't touch it again until it goes full tilray. It's been a really good week.

+1

It's amazing that at 211 it probably hasn't reached "full tilray" yet. What a unique trade this has been with the short float.

I'm probably going to enter 200 and 150 puts immediately on a pop post ER on some timeline post lockup. If any of you options guys has a particular opinion about best value R/R please feel free to share your thoughts.

Einhorn just disclosed a stake in SGMS and sent it to 20.

Anyone have an opinion on SAVE? I'm looking to enter long but am hoping it can first break through 43 and retest the mid 30s support.

I just took a look at the options prices. Post-lockup (November) 150 puts are around $25! That's a breakeven at 43% below the 220 currently. Don't see how there is any money that direction through straight up puts - will probably just short the stock.

Building a short position in SRCL into the report on August 1st. New management is inexperienced and made a mistake of not walking down guidance last report. Another blowup and this is an easy 20-30% lower given their debt load and declining fcf

Very nice. If you don't eat your fake meat, you cant have any fake pudding.

Still have a little at 101. The tulips have to go out of bloom here soon...

Agreed, you got to wait for these ones to go full on crazy. $13 billion is still a level where tard money is sufficient to hike it.

I think Tilray did 50%/$10 billion in day (to $30 billion) on its all time high day, which is when I called it short. If that happens here, it will be an easy short, until then I'm not seeing an entry spot yet.

Nice job BYND longs

I just saw the market cap, revenue numbers, and profit (losses). Quite astonishing. I think an up move on the earnings report is the spot to get short. We're in the stratosphere here

I suspect early next week or within a couple weeks the pot odds favor the downside. Positive headlines will be shrinking after AAPL earnings and the trade pumps are becoming less effective. I'm lightening up and waiting for something to happen as earnings wind down.

The not-dumb money is rotating fast out Facebook and into better businesses, like SNAP, which is still pushing 52 week highs.

I think we most likely get a sell the news reaction, so I'll be bailing the next day most likely unless we get some crazy run this afternoon/Monday, then I'll hop out before the report.

So does that mean you own SNAP? Just trying to read through what you are saying here. Once again talking about "dumb money" in third person which is another way of saying, "I have no position." You have a habit of marking short term bottoms too so please keep posting bud thanks.

Im buying 1 mid August 300$ call on bynd just for the pure absurdity of maybe being able to sell it if the stock price jumps to 5-600$ in a flash

I owe it to the gambol gods

Nice job guys on BYND & not just for the return but understanding the mechanics behind the stock. Options volume is crazy, we're getting close to a TLRY like blow off. How fitting would it be if it's $300?

Some really good range trades across the market especially after earnings reports.

Wrong thread for this discussion and welcome, never too early/late to start.

Here ya go:
https://forumserver.twoplustwo.com/3...sting-1115245/

When we first started talking about EA early on this year the two stocks were flirting with the same price, now $33 gap. Shame I haven't gotten a chance to add TTWO lower hopefully EA/ATVI lagging can provide better entry points going forward. Fundamentals haven't changed for any of the publishers, sticking with it.

Good article from Mox out on BYND options mechanics

https://moxreports.com/beyond-meat-b...-mega-squeeze/

If it jumps to 600 i'm going to exit every position I have to short.

Well, to go "Full Tilray" on a relative level, 600$ would be about right. Technically speaking, the short squeeze hasn't happened yet because the shorts haven't capitulated yet. It is entirely possible this pushes up to 300 and all the shorts cover and it flashes from there. Or it could sell off 75$ Monday morning and the Tilray process starts with a massive dead cat bounce and months of bleeding.

I'm not trading today but I have 1 question to ask the board:

It seems pretty clear to me that the play for BYND as a company is to raise money within the lockup time period and even potentially delay the lock up. But a raise is a must.

If they are able to do a significant raise at current or even more elevated prices, that influx of cash should transform the fundemental argument as well. Of course the company won't be worth 14b or whatever, but it would destroy the fundamental thesis for far out of the money puts post lockup (ie the November puts around 75 etc).

The thing is, since everyone knows about the lockup date, those puts have wildly large premiums. At first I wanted to buy those puts, but as I think about this possibility it seems selling them would be a solid play.

What do you think?

In addition, does anyone have an opinion when those puts will be most expensive:
1) Now, pre ER with high IV
2) Post ER with a dropped price back into 180s.

Thanks.

RIP bynd. Looks like short rate had dropped from over 50% to ~43% this past week. Beyond the AH price movement, I think that change had effectively killed any moon shot before the day started.

Obviously that didn't help, but 43% is still very heavily short and there haven't been shares available to short.

I don't think the numbers were as great as they could have been and moving up the end of the lockup period is pretty wtf. Had they crushed the call it could have had more legs.

But yes it's over now.

Who remembers the GPRO secondary before the lockup expired? A lot of the goodwill BYND got from the street just evaporated on that call, they are using the money to mostly cash out insiders early rather than reinvest in the business.

here we go...

got filled short bynd at 199.90. weeee