Visa (V) Offering Possible 42.86% Return Over the Next 22 Calendar Days

Visa's most recent trend suggests a bullish bias. One trading opportunity on Visa is a Bull Put Spread using a strike $247.50 short put and a strike $242.50 long put offers a potential 42.86% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $247.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $242.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Visa is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Visa is bullish.

The RSI indicator is at 65.53 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Visa

Visa-Backed Paymate Picks Banks for $400 Million IPO
Wed, 28 Jul 2021 05:10:33 +0000
(Bloomberg) — Paymate India Pvt, a business-to-business payment solution provider, has selected banks for its Mumbai initial public offering that could raise about $400 million, according to people familiar with the matter.ICICI Securities Ltd., JM Financial Ltd. and Nomura Holdings Inc. were picked to help arrange the share sale, which could take place as soon as next year, said the people, who asked not to be identified as the discussions are private. Paymate plans to file a draft prospectus

Visa (V) Q3 Earnings and Revenues Beat Estimates
Tue, 27 Jul 2021 21:55:09 +0000
Visa (V) delivered earnings and revenue surprises of 12.03% and 5.07%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

‘Pathetic and disgraceful': U.S. lawmakers blast Coca-Cola, Visa and others over Beijing Olympics
Tue, 27 Jul 2021 21:31:49 +0000
A bipartisan Congressional panel blasted U.S.-based corporate sponsors of the 2022 Beijing Winter Olympics on Tuesday, including Coca-Cola, Visa Inc. and Airbnb, accusing them of putting profits ahead of accusations of genocide in China. Republican Congressman Chris Smith told the Congressional-Executive Commission on China hearing that the sponsors needed to reconcile their “ostensible commitment to human rights” with subsidizing an Olympics where the host country is “actively committing human rights abuses”.

Visa results boosted by strong spending in person, online and on travel
Tue, 27 Jul 2021 21:04:00 +0000
Visa Inc. beat estimates as it continued to see a bounce-back in face-to-face spending amid the economic recovery while e-commerce transactions driven by the pandemic remained strong, the company said Tuesday.

UPDATE 4-Visa gets vaccine boost as domestic spending back near pre-COVID levels
Tue, 27 Jul 2021 20:51:02 +0000
Visa Inc beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international travel on the road to recovery as rising vaccinations and reopening economies take effect. Visa reported a 34% jump in third-quarter payment volumes on a constant dollar basis, while the number of transactions processed surged 39%. “In our domestic businesses, we are pretty much back to where we were, had the pandemic never happened,” Chief Financial Officer Vasant Prabhu told Reuters.

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