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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- Less concern on near-term pricing dynamics in craft beer, but continue to believe there will be a rationalization of craft brewers over time.
- Cider is expected to experience a 30 percent industry volume growth is expected in 2015, down from 35 percent to 40 percent in 2014. However, the analyst's bias is firmly to the upside given 50 percent growth year to date in Nielsen channels.
- More "constructive" outlook for shandies.
Why Boston Beer Co?
Grundy recommended owning shares of Boston Beer Co Inc (NYSE: SAM) as it is a "unique asset" within consumer staples that offers peer-leading growth in some of the fastest categories including craft beer and cider. The analyst continued that a $330 price target (Buy-rated) reflects the company's historical premium versus the group relative to its growth outlook. In addition, Boston Beer Co's U.S. centric footprint affords it a "leading exposure" to the U.S. macro recovery and limits foreign exchange risks. "Notably, US centric stocks are trading one and two standard dev. above their five-year historical average vs. the S&P 500 and staples peers, resp., while Boston Beer Co is trading in-line," Grundy wrote.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.