Visa (V) selling off even after beating earnings yesterday. Been a lot of that going on lately. Similar entry as in Mastercard (MA). A couple long-term rising trendlines with not too much overhead resistance. Has been putting in new all-time highs every few weeks.
Going to look at selling the 115 puts and buying the 110s.
Also check out Mark_Lexus's blog post for additional thoughts. Note that we're both using the same strikes. He opened a position today. I'm going to wait another day for the non-farm payroll (NFP) data to come out tomorrow and make sure the trendlines hold.