Life Takes Visa, Option Traders Take a Pass

• Posted by Adam Warner
• on July 29th, 2010

What if they threw an earning report and nobody showed up? At least in the options.

Visa often generates some interest and some gaps, but you need a fine tooth comb to find anything in this one. 30 Day IV sat at 3 month lows into the number and…..it looks correct as the stock sits near unch. this morning.

I virtually never buy options premium ahead of a number, but when I looked at this one yesterday I have to admit to getting tempted, the risks look minimal when you’re not overbidding, I mean V is even cheap vs. 10 Day HV at 40. But lo and behold, nothing.

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