Looking for opinions on grabbing some BYND calls for the upcoming earnings.
-Currently trading at $6.40 down from $19 in the past year. (ATH of $230 in 2019)
-37% of float short
-Synopsis of the company: The beyond meat products that are in most stores in north america aren't that popular. They cost the same as real meat and have a long list of crappy ingredients. This new "Beyond meat IV" recipe released in February uses Avocado oil instead of canola, has 20% less sodium, 60% less fat, and a shorter list of ingredients. I searched for some reviews and people claim it tastes meatier and better as well.
-Earnings date May 8th
Soo yeah I'm thinking of taking a gamble maybe even doing a straddle on this in case the report is really bad lol. Thanks for reading and have a nice day
Edit: Just remembered they also have partnerships with Tim hortons, Mcdonalds, Subway, A&W, etc
