Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BEYOND MEAT INC. COMMON STOCK (BYND) for the 26-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BYND was recently trading at $160.03 and has an implied volatility of 79.45% for this period. Based on an analysis of the options available for BYND expiring on 26-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $160.05-$202.71 at expiration. In this scenario, the average linear return for the trade would be 87.49%. Big 13.74% Change: After closing the last trading session at $140.70, BEYOND MEAT INC. COMMON STOCK opened today at $141.89 and has reached a high of $164.25. Trade approach: A movement as big as 13.74% is a significantly bullish indicator, so this trade is designed to be profitable if BYND maintains its current direction and does not revert back to pricing on the bearish side of $160.03 on 26-Feb-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if BEYOND MEAT INC. COMMON STOCK closes at or above $159.20 on 26-Feb-2021. Based on our risk-neutral analysis, there is a 50.90% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.