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Hawk’s Nest

Daily Freebies – 11/10/20

by | Nov 10, 2020

Beyond-Meat (BYND) opening sales 1950 May $100 puts $12.20 into 25% earnings fall. BYND now size buyers June 2021 $150 puts $38.50 to $39.70 in sweeps. BYND now with 6,000 June $145 puts bought to open up to $39

American Equity Life (AEL) unusual action today with 900 February $25/$35 call spreads opening, a $2.43B life insurance provider trading 6X Earnings and 0.5X Book with ROE at 5.6%. AEL rejected an acquisition offer last month when Mass Mutual and Athene (ATH) offered $36/share and instead agreed to allow Brookfield (BAM) take a 19.9% stake at $37/share

Team (TISI) unusual volume for the name with 965 June $10 calls bought for $1.35 to $1.65 to open this afternoon, stock up 18%. The $218M company provides industrial performance assurance and optimization solutions in areas like radiographic testing, furnace tube inspection, emissions control and more. Shares are clearing a wide base today stretching back to March