The Put Writes: Aggressive Premium Selling
Last Thursday, Bullflow caught some large Put writes of Beyond Meat ($BYND).
Bullflow lit up with custom “20 Repeats in 3 Minutes” alerts — all showing aggressive $2 strike put writes expiring Dec 19 2025, totaling over $1 million in premium.
Bullflow’s custom alerts showing repetitive $2 put writes within minutes
What we saw in the flow
- 35 separate put prints, at the bid
- $1.01 million total premium
- This investor was taking on a large bullish position — effectively saying, “I’m willing to be long BYND at an effective cost of $2” (which was 4× the spot price)
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The Follow-Up Move: BYND Calls Hit the Flow
Thursday’s call activity — contracts showed huge returns days later.
- Calls bought aggressively
- Near-dated with only 3 weeks until expiry
- Prices went from pennies to dollars in two sessions
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Then Came the Catalyst: A Meme-Stock Short Squeeze
On Monday, BYND launched into a full-blown short squeeze:
- BYND rose over 100 % in a day (Nasdaq)
- Short interest reported around 60 – 64 % of float (Proactive Investors)
- Reddit and meme-ETF crowds piled in (Business Insider)
What sparked it
- Debt swap news caused a sell-off to near $1 (NY Post)
- Retail saw huge short interest and pounced (r/WSBAfterHours)
- Volume spiked, shorts started covering, and momentum snowballed.
The result: a massive move that made the put writers look like geniuses and the call holders millionaires.
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Both sides of the flow tell the same story — smart money sensed a bottom forming.
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Why the Flow Matters
They weren’t afraid of further collapse. By selling puts at $2, they signaled a belief that BYND had hit its floor. Once those calls appeared, it was clear someone was anticipating an upwards movements, especially given the near-dated expiration on the contracts.
Together, the two flows — deep ITM put writes and sudden call aggression — increased conviction that a major reversal was near.
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Risk & Reality Check
Even with this squeeze, BYND is still a fundamentally fragile company:
- Massive share dilution via debt swap (Business Insider)
- Weak revenues and cash burn continue (247WallSt)
- Volatility remains off the charts, and IV crush is coming.
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Final Thoughts
Between the $1 million in put writes and the explosive call volume, BYND offered a real-time case study in how options flow foreshadows market psychology.
- Put writers collected premium and won.
- Call buyers caught the meme wave and printed.
- Shorts got squeezed hard.
Keep watching the alerts.
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Disclaimer: This content is for informational purposes only and not financial advice. Options trading involves significant risk and is not suitable for all investors.
