Pre-Market Alert: Take Visa Profits!
Lock in Earnings Gainer
PLAY: Sell your Visa November 75 Calls (V KO) at the open of trading for the best price that you can.
Dear Bottarelli Research Member,
Good morning. I don’t know if you’ve followed the pre-market action on Visa (V – NYSE), but it’s been a wild ride.
After yesterday’s close, Visa reported a $514 million quarterly profit, or $0.69 per share. This was a remarkable year-over-year turnaround, since Visa reported a loss of $356 million ($0.45 per share) one a year earlier. They also announced a $1 billion share buyback.
Now here’s where it gets interesting…
Initially, shares of Visa sold-off on the news, dropping 4% right after the announcement was released. But luckily for us, this dip was quickly bought. In one single after-market session, Visa turned a $3.50 loss into a $1.95 gain.
As I write, Visa is set to open higher by around $1.95. Based on this wild price action, I don’t want to take any chances with our Visa November 75 Calls (V KO). Let’s sell them into strength, and lock in our profits right at the open!
PLAY: Sell your Visa November 75 Calls (V KO) at the open of trading for the best price that you can.
As always, I’ll continue to follow up as the session progresses. But until then…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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