Thursday, July 26, 2012

$V chart and setup

good earnings and outlook for Visa. no europe exposure like mastercard. what im watching for now is some kind of pullback to the 50day..whether on mastercard earnings comments or other macro headlines.. if that happens..ideally in a quick 1-2day move to juice the put premiums, i will be pricing out some credit put spreads at/below the support line near probably the 110/105 spreads... decent premiums have been hard to come buy on visa for a while.. might take a look out to SEP options as well if the 50day hits to see how those are looking.

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