With such strong momentum in V, I am interested in the long side going into earnings push in may. I do not want to buy a long position while it's falling, I thought a calender can be handled easily in this scenario. My trade below. But, I am still watching it closely for a turnaround which will make a strong rally in V soon I think.
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V Daily |
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V Weekly |
Visa Inc(NYSE:V) 170 call calender:
Sell $170 April monthly call
Buy $170 May monthly call
(Debit $1.65)
*Please do your own research before buying any stock listed here. Disclaimer.
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