I am surprised that VISA Stock (V) has now broken below $200 yet today. Certainly a sign of strength from the stock. I started a small trade and then if the stock breaks below $200 I will add to it.
VISA Stock (V)
Trade Summary: Credit Put Spread
Equity: VISA Stock (V)
Approx Stock Price At Entry: $201.40
Expiry: Sep 30 2022
Potential Profit: $270.00
Potential Return: 3.6%
Trade Details:
Short Puts: Sold 5 put contracts for Sep 30 2022 expiry at the $180.00 put strike for $0.60 = $300.00
Long Puts: There are offers left open to buy 5 put contracts for Sep 30 2022 expiry at the $165.00 put strike for $0.06 = ($30.00)
Spread Details: Once the long puts are filled this will form a $15.00 credit put spread returning 3.6% earning $270.00 if held to expiry on Sep 30 2022
Buy To Close Early Offer: I am offering $0.27 to start and will reduce that amount as the trade moves toward expiry on Sep 30 2022
Trade Stats:
Approx Stock Price: $201.40
Approx Percent Of Protection: 10.6%
Stock Would Have To Fall To Reach Short Put: $21.40
Credit Put Spread Size: $15.00
Capital In Use: $7,500.00
Potential Profit If Held To Expiry: $270.00
Potential Return If Held To Expiry: 3.6%
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