DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025
Closing Trade GS Bullish Trade Adjustment Signal...
Read MoreStrategy: Long Put Vertical Spread
Direction: Bearish
Details: Buy to Open 4 Contracts Dec. 16 $205/185 Put Vertical Spreads @ $5.10 Debit.
Total Risk: This trade has a max risk of $2,040 (4 Contracts x $510).
Counter Trend Signal: This is a Bearish trade on a stock that is experiencing a bullish trend.
1M/6M Trends: Bullish/Bullish
Technical Score: 9/10
OptionsPlay Score: 141
Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.
Please note these prices are based on the previous day’s closing prices. Should the underlying move significantly during the pre-market hours, we will likely adjust the strikes and prices to reflect a more accurate trade entry.
I’ve been keeping an eye on Visa after taking a short position earlier this year, and I see a similar setup after earnings last week. Despite reporting “strong” earnings that beat analyst expectations, raising dividends and authorizing $12B in share buybacks, the stock has rallied up to two major resistance levels. I see this post earnings rally as an opportunity to seek short exposure on Visa rather than a reason to be a buyer.
There is no doubt that Visa is the dominate player in a world shifting to all digital, but the economic headwinds and the rich valuations are concerning. Trading at a 50% premium to the market (25x next year’s earnings) in an economic slowdown and expecting only 10% EPS growth next year is simply too high in my opinion. Couple this with the stock trading up against the Weekly Cloud bottom and its 16-month bearish trendline aligns the timing with my fundamental view. I’m using this opportunity to buy a Put Spread on Visa expiring in December to target a $185 target and cutting losses if we see Visa breaks above the trendline and weekly cloud model.
Buy to Open V Dec $205/$185 @ $5.10 Debit
Visa – Weekly
Closing Trade GS Bullish Trade Adjustment Signal...
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