Tim Seymour Brews A Rally In Keurig Green Mountain


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.


Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Keurig Green Mountain Inc (NASDAQ: GMCR) shares were trading sharply higher by $3.30 (4.3 percent) at $75.10 in Wednesday's session. Investors may be following the lead of Tim Seymour, who recommended a long position in the beaten down issue on Tuesday's edition of "Fast Money."

The issue has been in the doghouse since November 2014 when it peaked at $158.87. As a result, it has lost over half of its value and made a new low for the recent slide on Monday at $68.78, before rebounding to close at $71.36. That low marks the lowest level for the issue since it bottomed at $66.80 in December 2013.

Related Link: Goldman Sachs Analyzes Keurig Green Mountain's Bear Thesis, Offers Defense

After a quiet day on Tuesday, Seymour's comments instigated a sharply higher open ($74.46 vs. Tuesday's close of $71.80). It then retreated to $73.76 before resuming its rally.

So far, it has reached $76.49 before falling back to the $75 area. That is just shy of its July 1 high at $77.09.

Today's price action is taking place on higher than average volume. With over four hours remaining in the day, it has traded 1.1 million shares compared with its 20-day average of 1.52 million.

Keurig is expected to announce earnings on August 5.

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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