DEX Analysis

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 Meat（$BYND）

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 February）

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)