CAKE/Jeddah - There's a line every time you go and the clients are not really price-sensitive as it's usually the most expensive place at the mall anyway. The kind of people paying $5 a slice for cheesecake don't notice when the burgers go up $1.
Why Is Cheesecake Factory So Expensive? (Top 12 Reasons)
Wow, did I say $5/slice?
Whole Cheesecakes and Specialty Cakes
10 Inch Original $51.95 10 Inch Fresh Strawberry $63.95 10 Inch Celebration Cheesecake $62.95 10 Inch Pineapple Upside-Down Cheesecake $62.95 10 Inch Caramel Apple Cheesecake $62.95 10 Inch Very Cherry Ghirardelli® Chocolate Cheesecake $62.95
Holy crap!
Anyway, I've always liked them because I like their strategy of taking spots in upscale malls, usually next to the movies and they appeal to the high-end clients, who don't want to eat in the food court or the Friday's kind of place all these malls have. They only have 300 restaurants so years of growth ahead and they carefully test out other concepts each year - so there's the potential for a profitable spin-off as well. Here's my most recent table-banging session on them: Submitted on 2022/01/19 at 10:25 am
Still good for a new trade at net $4,500 on the $60,000 spread that's $22,500 in the money. How ridiculous not to be in this trade!
| CAKE Short Put | 2024 19-JAN 45.00 PUT [CAKE @ $42.53 $1.66] | -15 | 10/29/2021 | (701) | $-20,775 | $13.85 | $-2.15 | $-12.32 | $11.70 | - | $3,225 | 15.5% | $-17,550 | ||
| CAKE Long Call | 2024 19-JAN 35.00 CALL [CAKE @ $42.53 $1.66] | 30 | 10/29/2021 | (701) | $39,000 | $13.00 | $0.40 | $13.40 | $0.50 | $1,200 | 3.1% | $40,200 | |||
| CAKE Short Call | 2024 19-JAN 55.00 CALL [CAKE @ $42.53 $1.66] | -30 | 10/29/2021 | (701) | $-16,200 | $5.40 | $0.65 | $6.05 | $0.35 | $-1,950 | -12.0% | $-18,150 |
