Visa has a pattern to trade lower after the earnings and then rally after few months.
That`s why, analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week, I would consider purchasing the 275usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $13.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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V Visa traded at $278.50 after earnings, and the Calls went up from $13.15 (when I wrote this article) to $16.05 at the close on Friday (higher intraday), for about 25% gain!