27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Molson Coors Brewing Co (NYSE:TAP) shares are surging after the beverage maker reported a third-quarter earnings beat Wednesday.
What Happened
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Molson Coors CEO Mark Hunter said he sees the Canadian cannabis drink market as a tremendous opportunity as the company looks to pioneer the category. The mega brewery said it will announce a cannabis beverage offering in early 2019.
Why It Matters
Several major breweries have shown a keen interest in cannabis-infused, non-alcoholic beverages, which could ultimately make up a big portion of revenue over time.
Cannabis beverages could make up between 20-30 percent of the Canadian cannabis market, Hunter said. Molson Coors values the Canadian cannabis market in the $7 billion-$10 billion range.
What's Next
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The Coca-Cola Co (NYSE:KO) was rumored to jump on the cannabis-infused drink trend, but CEO James Quincey dismissed these rumors Tuesday.
“We don’t have any plans at this stage to get into the space,” Quincey said on Coke's third-quarter earnings call, according to Fox Business. "So that’s kind of where we are.”
Despite the enthusiasm behind cannabis-infused beverages, Alan Brochstein, founder of New Cannabis Ventures, issued a word of warning for investors looking to play the space.
“The takeaway is that people should be very careful when they talk about cannabis beverages. It’s not like you just take some weed and mix it with some water and you have a drink,” he said.
Related Links:
The '420 Investor' Talks Canada's Legalization, Calls Cannabis Stocks A Crowded Trade Right Now
Cannabis Stocks Largely Down On Canada's First Day Of Legal Leaf
Photo courtesy of Molson Coors.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.