Mixed options sentiment in Beyond Meat with shares up 11.04%

Mixed options sentiment in Beyond Meat (BYND), with shares up 10c, or 11.04%, near $1.02. Options volume roughly in line with average with 146k contracts traded and calls leading puts for a put/call ratio of 0.12, compared to a typical level near 0.19. Implied volatility (IV30) dropped 14.79 near 212.61,in the top quartile of the past year, suggesting an expected daily move of $0.14. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 21.56% or $0.22.