thread updated, still holding /CL long from 84.87 and the V puts
I expect V to get a gap fill down to the 105 area between now and July. Not exactly a huge position, around 3k. I like to pick on stocks that show weakness and in my opinion V has showed that lately. The last trade that I picked on weakness was GOOG and that worked out well. I expect the market bounce to take V up a little bit, so I might have entered early, but there is always the possibility that V gets some sort of negative news. Most of the other credit card stocks showed strength today...but V didn't, such as MA. Still need to get the screen shot up for that GOOG trade. My /CL trade is rather large with 3 contracts...looking for a swing here on a market bounce. Perhaps to around the 86-88 area.
Over the weekend I was looking over CC stocks ..... I felt most of them had more room to fall. Then of course we got some stubborn bounces from them the last two days to defy my assessment. LOL