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.
Restaurant Brands International Inc (NYSE:QSR)'s Burger King chain announced Thursday its plant-based Impossible Whopper will be made available nationwide.
What Happened
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Burger King's Impossible Whopper item will be offered at 7,000 locations as of Aug. 8, the company said in a press release. Consumers looking to see if plant-based food delivers the same taste as meat will need to be quick as the item will be available for a limited-time.
The meat substitute product is manufactured by Impossible Foods, a California-based company dedicated to creating meat and dairy products from plants.
Impossible Foods is considered the closest competitor to Beyond Meat Inc (NASDAQ:BYND), whose stock gained 800% after its early May initial public offering.
Why It's Important
Burger King first tested its plant-based substitute product in St. Louis back in April and was expanded to six other markets. The "great feedback" received from test markets suggests a nationwide demand is feasible.
"We are really excited to be able to offer our new Impossible™ WHOPPER® to our guests across the country at an unbeatable value for a limited time," said Chris Finazzo, President, North America, Burger King Corporation.
Burger King customers can take advantage of a $7 promotion from Aug. 8 to Sept. 1 on DoorDash with free delivery. Customers can order a classic Whopper and an Impossible Whopper to taste the difference -- or similarities for themselves.
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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.