# 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:

<figure><img src="https://1839526205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRyZZcYegy2FnmLjWyIdW%2Fuploads%2Fz9gJnfZ7QsUOnk6ocECV%2Fimage.png?alt=media&#x26;token=ee8c4683-771f-4295-8370-f2ca2719fdcd" alt=""><figcaption></figcaption></figure>

*(Data Source:* [*TradingFlow.com*](https://www.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:

<figure><img src="https://1839526205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRyZZcYegy2FnmLjWyIdW%2Fuploads%2Frge41CoTtVoSr53uwTk6%2Fimage.png?alt=media&#x26;token=82244861-4d41-45b5-a51b-28bb7096b988" alt=""><figcaption></figcaption></figure>

*(Data Source:* [*TradingFlow.com*](https://www.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:

<figure><img src="https://1839526205-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRyZZcYegy2FnmLjWyIdW%2Fuploads%2F9vS71oEwo2eczWElgISR%2Fimage.png?alt=media&#x26;token=3a964d06-d552-41d3-9baf-532c93265e60" alt=""><figcaption></figcaption></figure>

(Note: The horizontal axis represents time, with the right side closer to the market close)