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.
In a report published Wednesday, Morgan Stanley analyst Smittipon Srethapramote initiated coverage on Global Payments (NYSE: GPN) with an Underweight rating and $49.00 price target.
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.
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In the report, Morgan Stanley noted, “Although the company has one of the highest degree of international diversification in the acquiring/processing space, we believe its relatively large exposure to independent sales organizations (ISOs) in the US could position it for potential loss in market share as some ISOs may decide to in-source processing. Additional risks could come from large ISOs negotiating contracts with better pricing, which could put pressure on margins. We acknowledge that GPN is trading at a discount to its merchant acquiring/processing peers, partially due to the ISO concerns, and perhaps due to muted international growth over the recent past, but believe that the company is most at risk to multiple compression should worries over disintermediation from new entrants return.”
Global Payments closed on Tuesday at $48.90.