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wolneyaa
Sep 25, 2018 12:07 AM

Massive Alpha To Be Found In This Chicken Spread! Long

WING/PPCNASDAQ

Description

So this spread revolves around the simple, brutal strength that we are seeing in the economy right now. People are spending huge amounts of money on eating out right now, and given the ISM and UMCSI numbers I don't see that slowing down any time soon. Here, we pit a strong, cyclical restaurant chain specializing in chicken against a weak, defensive, consumer staples that is losing market share and in the worst spot from a macro perspective. This one's an easy winner. I was in this morning with a 3-1 R:R 40% target. Don't forget to hedge out those betas!

Cheers,

Andrew
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