Visa has been on a roll right up to earnings on 7/25. All the financial segments are killing it this earnings season. Plus Visa got an analyst upgrade to $165 from $140. Everyone is expecting Visa to having stellar earnings.

 

The Play: a $2 straddle (a call $2 above the ATM and a put $2 below the ATM) placed right before earnings would be a really really really good idea on 7/27 options. The premium should be pretty low, like $0.25-$0.5 because expiration will be sooo close. With a $2 move in either direction you’ll make min of 25% on your trade. I say MIN, because the one option will drop to 0, but the other one will just keep climbing. It will only take a 1.4% move in the price to make a $2 straddle profitable.