Live from New York this week on Fast Money, Brian explained an earnings trade in regard to Visa. The target date for this trade is July 28, Visa’s earnings. Brian takes a look at selling the August 70 put at $2.10, thus collecting a 3% interest on yourself giving you a little dividend and extra interest. He also mentions that if you want to get a little risky, take a look at possibly using your put collection and buying the August 75 call to participate even more on the upside. Recently we have seen Visa bouncing off the $70 level and it seems like there is a lot of support in the stock. Overall, Brian feels this is a great trade to the upside and he thinks $70 is the range where it will have some good support.

Earnings trade on Visa