TopOptionAlert
Oct 24, 12:49 AM
$V OCT30 420C · in play
Zone:
$405 to
$411
Invalidation: close under
$406.50
Objectives:
$415, then
$430
The math: up 1.7% to the first objective and 5.4% to the second, against 0.4% risk on the invalidation, better than 14 to 1 to the second.
Dear friend, Tuesday after the bell Visa tells the world how much money it moved this summer, and this stock is already knocking on its own record high waiting for the answer. Yesterday it printed
$414.60, the highest price a share of Visa has ever traded for, and today it gave back just a percent and a half while the rest of the market sat on its hands. That is what a stock does when the patient money wants a seat before the news instead of after it. This is a swing into the catalyst: we ride the runup into Tuesday’s report with the record high as the first door and the Wall Street price targets as the second.
P.S. Baird lifted its target to
$430 two weeks ago, which is exactly where the second objective sits.
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