DEX Analysis
Last updated
Last updated
How to Use DEX to Track Market Bets During Earnings Season?
Options data usually provide some "spoilers" ahead of earnings. Let's delve into Beyond Meat ($BYND) as an example.
Beyond MeatοΌ$BYNDοΌ
Beyond Meat is scheduled to release its earnings post-market on Tuesday, 27th February 2024. Options activity spiked during the late afternoon of Tuesday, with large bullish positions flooding in, indicating a clear sentiment shift:
(Data Source: TradingFlow.com, Smart Option Flow, 27th FebruaryοΌ
Looking at the overall data, bullish sentiment surged before the earnings announcement, surpassing the stock's previous highs of the day:
(Data Source: TradingFlow.com, Smart Option Flow, data as of 27th February)
Upon closer examination, the OTM call options with a strike price of $12 in the late afternoon boosted bullish sentiment:
(Note: The horizontal axis represents time, with the right side closer to the market close)
