Do you want to eat meat or a clean non-processed plant based diet?

Kind of a trick question. Because the answer doesn't matter as Beyond Meat is neither of those things.

Share price after conversion will be (based on values at close):

Conversion price = total market cap ÷ total shares outstanding.

New price = conversion price x 10.

Obviously that completely depends on prices at close on the last trading day before it happens. But if they remain similar I'd expect a conversation price between $2 to $3.

Then the "new" stock to get hammered by dilution following RS.

So yeah those strikes make sense. Can't really argue with that.

I'm currently long preferred shares but I'll be getting out of dodge before it actually converts.

I'd be careful with Puts though especially shorter dated expiries. Don't underestimate people's stupidity to fomo buy after the RS.

Closing under performing locations on its own isn't bearish. What's the DD they're actually in trouble?

PE 11.04. Forward PE 9.36. Growth expected.

PB 1.15, low for a profit turning company.

Price sales 0.43.

Based on the data alone this company is significantly undervalued and could easily be trading at twice its current price with sensible metrics.

BBBY is swimming in debt. FL has a healthy positive book value. They don't need people to go to malls they're online.

Of course we keep going.

He's said a million times they will keep going until they hit their goals. No one should be surprised by this.

Because they've already purchased far out puts and are living in denial.

Just tell us how red your puts are dude.

You can't inverse Cramer without Cramer.

I don't. Or at least try not to.

I used to and I lost money fast selling at a loss only to then watch the stock I no longer had go up a stupid amount a few days later. I'm basically an expert at setting my stop loss just above the next swing low before a move up.

If I'm buying stock I'm buying something I have faith in and I'll just average down.

If I'm gambling whatever my maximum risk is I'll just take that money and buy calls with it instead.

The only exception is if I can't afford 1 contract. But then I set my loss at recent swing low whatever that happens to be. I'll then decide how much I'm willing to bet (lose). Whatever percentage my stop loss is is then the multiple for what I'll invest in the gamble. That way I don't have a set percentage.

Example, I'm willing to bet $100. Just under recent swing low is a 10% stop loss. Therefore that's my stop loss and I'm buying $1000 worth. If the recent swing low happened to be 20% I'm buying $500 worth instead.

Or alternatively I'll just buy $100 worth if it's a massive gamble and I can't afford a contract on it and go zero or hero. But obviously in that scenario calls are much preferred.

If it's for the purpose of algo trading though I'll usually stick with 1:1 because I prefer a higher success rate than more money per successful trade. But even then I'm not a fixed percentage as I use SAR for my stop loss value.