It’s VISA again (+82.9%) and Mastercard Too (+15.8%)

by OptionPundit on April 29, 2008

For the OPN subscribers I metioned on the forum-

If VISA crosses $76, there may be a small $2-$4 move window for intra day trading.

visa-intraday-apr-29-2008.png I earlier posted my VISA gains. We closed OPN credit spread for +21% gain. When VISA moved past $76 I entered with May 80 calls purchased at average price of $1.3166. And started off-loading those at various prices levels averaging +82.9% gains for less than a days’ holding. Of course, it closed much higher. But I am quick to lock profits, so no coulda, woulda, shoulda!!

As Mastercard was rising, it offered another opportunity for intra-day trading. May 290 calls bot for 3.80 were sold for $4.40, collecting a nice +15% gains, again for intraday trading. Besides this, market isn’t excited about anything else. Can’t add MA’s screenshot for technical reasons.

Profitable trading, OP

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