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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Therefore, the analysts initiate the company's shares at Neutral with a price tag of $178, implying an upside potential limited by about 6.9 percent from Thursday's closing level. The last four quarters' EPS numbers suggest that the positive surprise slowed from 18.2 percent to 1.3 percent in the most recent quarter.
"The $1 billion acquisition of Ballast Point gave Constellation access to the ultra-premium end of the craft brew market. We think Ballast Point has what takes to be among the craft winners in the longer term, but we see a number of risks that gives us pause, including plateauing craft category growth and the recent departure of Ballast Point founders and talent," the analysts told clients in a research note.
However, if Ballast Point outperforms, then it could lead to upside to the brokerage's investment thesis.
Referring to Corona and Modelo potentials, Credit Suisse thinks the expectations of these brands have already been factored into the stock. Therefore, the brokerage sees little growth potential from these two.
At time of writing, Constellation was down 0.88 percent at $165.
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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.