Call Options on QSR on 5/22/2020

Restaurant Brands International Inc. (QSR) owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names.

Bullish Cup and Handle on $ QSRThe company operates through three segments: TH, BK, and PLK.

Its restaurants offer blend coffee, tea, espresso-based hot and cold specialty drinks, donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other food items.

As of December 31, 2019, the company owned or franchised a total of 4,932 TH restaurants, 18,838 BK restaurants, and 3,316 PLK restaurants in approximately 100 countries worldwide and U.S. territories. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.

QSR recently opened it's first Popeyes Louisiana Kitchen location in Shanghai and due to its success is looking to expand rapidly.

We will be trading June 19th Call Options.

Last Trade: $53.34

52-Weeks Trading Range: $25.08 - $79.46

 

Trade

  • Buy 1 June $52.50 Call at $2.95
  • For a net debit of $2.95

Profit/Loss Analysis

  • Breakeven at $55.45
  • Maximum profit is unbounded
  • Maximum loss is ($295.00) at strike of $52.00

Closing Summary

  • Sold 1 June $52.50 Call at $6.20

Position closed on 6/3/2020 at price of $6.20 with a 110.17% gain in 12 days.

Updates

6/3/2020 10:20:49 AM

QSR Call Options sold for $6.20

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