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.
Beyond Meat (NASDAQ:BYND) shares ticked a bit lower Thursday morning following a report that Yum! Brands, Inc. (NYSE:YUM)'s KFC could join the meat-free revolution and add plant-based products to their menu.
"If you would have asked me six months ago, I would have said no, to be completely honest with you," KFC's U.S. President Kevin Hochman told Business Insider. "Because, we're about fried chicken."
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Hochman said he has made "several appointments" in the last two weeks "with some of the big guys, just to figure out — what does alternative protein look like in chicken?"
Beyond Meat has managed to scientifically replicate ground beef from plant protein. The California-based company went public on May 2 and has surged higher ever since.
On Wednesday, reports emerged the German supermarket Lidl had sold out of Beyond Meat burgers.
Beyond Meat traded higher by 1.1 percent at $98.63 per share at time of publication Thursday.
Related Links:
The Impossible Whopper Is Coming To A Burger King Near You
McDonald's Holds Back On Plant-Based Burger Trend
Photo credit: Mike Mozart, Flickr
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.