Bullish to neutral play on Visa recent 2% pullback.

Sell put csp in option trading is always a bullish to neutral strategy. You will benefit either the price stay the same or move up. But, even if the price drops, as long it doesn't test your sell (short) put strike price. Alot of times, you will still profit even if it drops from 310 to 305 at 21 dte because of time decay or melting ice cream 🍦 is in your favour as an option credit seller.

Sell put csp at 295 strike on dec 4/24, 78 dte feb 21/25, premium 460, delta -0.225, iv 18.9%, Annualised Return 7.3%. Visa is the largest financial tech company in the world that provides credit card 💳 services 😀. In the past 5y, visa has been trending up quite steady and slowly. It is a very safe stock to do sell csp because the price doesn't fluctuate as much as other tech stocks. I do own visa and it is part of my long term portfolio stocks. I did csp strike is at 295, but you can use 290 strike if you wanna play safe. As always, this is a csp contract, 295 x 100 shares = 29500 usd, so makesure you have the collateral amount in your trading account.

😊 option trading