Beyond Meat Inc (BYND)

[leftovers]

sold some 50 puts for next friday Looking good. Still see more downside here.

The company's valuation or consensus estimates don't reflect the challenges it faces. The valuation is high compared to peers given growth and profitability metrics.

I see further room for price depreciation even considering the recent underperformance. Naked shorts are dangerous, however, given the risk of a positive catalyst spiraling into a short squeeze. I prefer to go with a bearish put spread.

Beyond Meat's Near-Term Future is Ominous