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.
SeaWorld Entertainment Inc (NYSE:SEAS) management seems committed to their timeline of opening the Sesame Street attraction in the spring, adding to the company’s “high-quality marketable attractions,” according to KeyBanc Capital Markets.
The Analyst
KeyBanc's Brett Andress maintains an Overweight rating for SeaWorld, with an unchanged $35 price target.
The Thesis
SeaWorld will have healthy momentum in 2019 and beyond, given the opening of the Sesame Street attraction and the new Infinity Falls. Both attractions are poised to benefit from growth in the Orlando market, following the launch of Walt Disney Co (NYSE:DIS)'s Star Wars theme park attractions in the fall, Andress said.
SeaWorld seems to be on track with the plan for $50 million of additional savings in 2020 and the new headquarters creates an opportunity to further consolidate corporate functions.
The company witnessed healthy initial response to its new season pass offerings launched in October. SeaWorld seems poised for growth in FY2019, with deferred revenues more than 15 percent exiting the third quarter and over 40 percent pass penetration, Andress said.
Management indicated an increase in international marketing, which should be able to create enough momentum to partially offset currency exchange related headwinds.
Price Action
Shares of SeaWorld were trading around $28.15 at the time of publication.
Related Links:
KeyBanc Expresses Confidence In SeaWorld Turnaround In Upgrade
SeaWorld Shares Rally After Comeback Quarter
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.
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