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Fly News Breaks for September 17, 2018
COTY
Sep 17, 2018 | 10:06 EDT
Stifel options strategist Frank Poerio said he sees a near-term catalyst for Coty shares, namely that he believes a pending two-year lockup expiry could let JAB Investments significantly increase its ownership above the current 39% level. Given the heightened overall volatility, he prefers using call-spreads to capture the potential catalyst and/or an earnings related upside move, Poerio tells investors.