Jim Cramer Weighs In On Hormel Foods And Snap


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.


On CNBC's "Mad Money", Jim Cramer said he would stay away from Hormel Foods Corp(NYSE:HRL). He explained that it's not a right time to own such a defensive stock in the sector rotation that is going on.

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Cramer thinks that Snap Inc's (NYSE:SNAP) management has augmented reality. He added that the market thought that Instagram is going to be challenged by Snap, but that isn't the case. Snap is the No. 1 reason to own Facebook Inc (NASDAQ:FB), concluded Cramer.


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.


Posted In: CNBCJim CramerMediaMad Money