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tdp2664 InvestorPlace In recent months, Visa (NYSE: V ) has been moving to the beat of its own drum. Not only has it come out of the last few months virtually unscathed from the selling in the broader market, but it's also been knocking on the door of a breakout to new 52-week highs. In fact, a breach of the recent resistance at the $95 area could signal a run to the century mark. From an implied volatility perspective, options on Visa actually look like a decent buy here. Following its recent earnings announcement, implied volatility has dropped to the lower end of its yearly range. The bullish chart, coupled with cheap options, makes a call purchase the logical play here. To get some bullish exposure to V, you can buy the V Dec 95 Calls, which are currently trading around $4. As is the case with any call option purchase, the risk is limited to the initial debit paid, and the potential reward is unlimited. Source : MachTrader At the time of this writing Tyler Craig had no positions in Visa.
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