Options Bears Loading Up on Tyson Foods Stock

TSN is down 25% in 2022

Nov 21, 2022 at 8:33 AM

Tyson Foods, Inc. (NYSE:TSN) is flat this morning, with no real premarket movement occurring. The stock has been a snooze in recent months, consolidating below $68. It's no surprise then, that put traders are growing in popularity.

TSN is down 25% in 2022, with its 50-day moving average containing any breakouts. The shares are not off their Oct. 22 multi-year bottom of $62.94.

TSN Stock Chart

Short-term options traders have been overwhelmingly bearish towards TSN. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) 2.08, which is higher 93% of readings from the past year.

Echoing this, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the shares' 50-day put/call volume ratio of 1.11 sits higher than 63% of annual readings, indicating long puts have been getting picked up at a much quicker-than-usual clip.

Follow @Schaeffers

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!

Special Offers from Schaeffer's Trading Partners