One of my favorite stocks since 2007 has been Visa Stock. I waited a long time for Visa Stock to come to the market place with its IPO. I had held MasterCard Stock (MA) shares for years but I could never figure out why Visa didn’t bring a share offering. In the credit crisis I loaded up on VISA Stock and I have sold covered calls using the Hide and Seek Covered Calls Strategy since 2008. I plan to unload my shares at $300 which I had thought might occur by next year, but with today’s forward guidance from VISA management, that may take longer than I had expected.

VISA Stock Revenue Miss

Profits from VISA were up 26 percent from the same quarter last year and earnings beat estimates but revenue failed to meet estimates. Visa Management blamed the severe winter for the revenue miss. US transactions gained 8 percent and credit and debit card transactions made on Visa’s network grew 4.7 percent to $1.73 trillion. But the company also reported that they expect revenue growth in the third quarter to not meet estimates as well. That sent shares of VISA falling in the after hours market to $201.30 for a decline of about 4 percent. Tomorrow when the stock opens I am expecting more selling.

When a big cap stock like VISA hits a “rough quarter”, I like to be ready before the markets open to grab as big a premium as possible on my options trades when the volatility is the highest and that is almost always when a stock opens the day after the revenue miss is announced. Here is how I approach my trade before the stock opens after the earnings miss has been announced.

Visa Stock Trade Strategy Before The Markets Open Apr 25 2014

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