$V has heavy resistance ahead

V failed to break above 218 in June, July and August of this year. It retreated, and is taking another run at it.

I'll probably buy some puts if it reaches 217.50 or so ... with a tight stop loss ... I'll cut my losses if V reaches up to 220.

Kommentera:

Still bearish. Not yet in Puts though

Kommentera:

I'm now calling for Visa to go "Outside-Month" in December - to go below 193.33

I'm going to look into Puts tomorrow morning, find one within my risk tolerance, and buy.

Kommentera:

I bought one Dec30'22 210p at 6.00 today