This is a FullyInformed Members VISA Stock trade strategy article. VISA Stock has been in my portfolio a long time. I started with Visa stock back in 2007 on the IPO. I have a core position I hold that I am not selling until it gets to around $300 which I thought would take many years, but that might happen sooner than I originally thought. That position is in my retirement account and I sell covered calls using the hide and seek covered call strategy against it. I have not had any shares exercised away from me since starting to sell covered calls with the above strategy.
Easy Profits In The Past
Visa stock has been in a general uptrend pretty well since the end of the bear market in spring 2009. This has made selling puts easy on VISA Stock as in general the stock has been in an uptrend. When a stock is in an uptrend selling puts is fairly straight forward. If you have confidence that the uptrend will continue, then it becomes a matter of discipline. I sold just slightly out of the money and for those few times when the stock did pull back and placed my naked puts in the money, I would simply continue to roll sideways until the stock recovered. Once it recovered, the stock would move higher and I would follow along and keep selling just outside the money.
This strategy article looks at the strategy I will be using in 2014 and why I believe this stock is an exceptional choice for my portfolio. To read this Visa Stock trade strategy article FullyInformed Members can can login directly through this link or Members can sign in to the full members site here. Non-members can join here.
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