Trade Idea: V Credit Put Spreads

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.