Options Oracle: 11/05/20

TOO 110520

BYND is a stock I’ve been watching for a while. It’s a fairly new company but there is enough trade history to get a good read on the charts. This position could very well turn out to be one of the better trades of the year and I feel good about the trade setup. However, please don’t let my optimism cause you to over trade this spread. In other words, don’t concentrate too much of your buying power in this one position. Next week we will be closing or rolling our positions, so you want to have enough money to get into some new trades. I expect to see a spike in volatility soon as we move through this very unusual election process. This could get interesting.

See link below.

I’ve also attached a PDF file that outlines all of the details for this trade. Please be sure to review all of the material before entering any trades to your account.
Enjoy the rest of your week.

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