|
|
VISA |
|
|
About The Company |
Market Capitalization $58.6B
Revenue (FYR) $6.7B
EPS $1.79
P/E Ratio 38.6x
Shares Outstanding 846.5 M
Avg. Daily Share Volume (Last 10 Days) 6.4 M
Dividend Yield 0.61%
Visa Inc is a profitable Consumer
Financial Services company that trades on the NYSE. It
operates a retail electronic payments network. The Company
facilitates global commerce through the transfer of value
and information among financial institutions, merchants,
consumers, businesses and government entities. Its primary
customers are financial institutions, for which it provides
product platforms encompassing consumer credit, debit,
prepaid and commercial payments. VisaNet, its centralized,
global processing platform, enables the Company to provide
financial institutions and merchants with a range of product
platforms, transaction processing and related value-added
services. The Company owns a family of payment brands,
including Visa, Visa Electron, PLUS and Interlink, which it
licenses to its customers for use in their payment programs.
It manages and promotes its brands through advertising,
promotional and sponsorship initiatives, and by card usage
and merchant acceptance. In my opinion, VISA is a great
company for covered calls and naked puts. I originally
purchased 300 shares when the stock first came to market in
2007. I was exercised at $70.00 on the stock in summer 2008.
For the rest of the year I did naked puts on the stock. I
believe this stock is undervalued but nevertheless, it
trades in a range making naked put and covered call writing
viable. I do believe that over time this stock will advance
to over $100.00, but that could take many years or may never
happen. I have no idea where the stock is heading, but
I do like the premiums and volatility of this stock. As of
August 2009 it pays a quarterly dividend of .105 cents. I am
not as interested in owning the stock. I am interest in
generating income by selling naked puts.
|
|
| |
VISA (V) -
2009
ONGOING EVALUATION
& TRADE
The main
strategy for 2009 was selling naked puts.
|
|
|
|
|
|
YEAR - 1:
2009
TRADE COMMENCED Aug 3 2009
GOAL FOR 2009: 5% (5 MONTHS)
ONGOING STRATEGY
- SELLING NAKED PUTS UNTIL ASSIGNED
STARTING
CAPITAL: $62,000.00
CAPITAL AT END
OF 2009: $62,000.00
GOAL ATTAINED
FOR 2009: - 6.4%
EARNED INCOME FOR 2009: - $4,015.00
TOTAL INCOME
EARNED TO DATE: $4,015.00 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
Aug 3 09 |
66.48 |
Sell 5 Sep $60.00 puts @ .85 |
1.4 |
0 |
|
13.25 |
0 |
0 |
411.75 |
411.75 |
|
Sep 18 09 |
73.79 |
Expiration Day 5 Naked Puts Sep 60 Expired |
|
|
|
|
|
|
|
|
|
Sep 21 09 |
74.08 |
Sold 5 Nov 67.50 @ 1.60 |
2.3 |
|
|
13.25 |
|
|
786.75 |
1198.50 |
|
Sep 21 09 |
74.08 |
Sold 5 Jan 60.00 @ 1.25 |
2.08 |
|
|
13.25 |
|
|
611.75 |
1810.25 |
|
Nov 20 09 |
80.00 |
Expiry: 5 Naked Puts Nov 67.50 expired |
|
|
|
|
|
|
| |
|
Nov 20 09 |
80.00 |
Sold 5 Naked Puts Mar 67.50 @ 1.70 |
2.5 |
|
|
13.25 |
|
|
836.75 |
2647.00 |
|
Nov 27 09 |
79.90 |
Sold 5 Naked Puts Jan 72.50 @ .85 |
1.1 |
|
|
13.25 |
|
|
411.75 |
3058.75 |
|
Dec 30 09 |
88.14 |
BTC 5 Jan 60 Puts @ .05 |
(0.08) |
|
|
13.25 |
|
|
(38.25) |
3020.50 |
|
Dec 30 09 |
88.14 |
BTC 5 Jan 72.50 Puts @ .05 |
(0.06) |
|
|
13.25 |
|
|
(38.25) |
2982.25 |
|
Dec 30 09 |
88.14 |
Sold 5 Naked Puts Feb 80 @ 1.05 |
1.3 |
|
|
13.25 |
|
|
511.75 |
3494.00 |
|
Dec 30 09 |
88.14 |
BTC 5 Naked Puts Mar 67.50 @ .32 |
(.47) |
|
|
|
|
|
(173.25) |
3320.75 |
|
Dec 30 09 |
88.14 |
STO 3 Naked Puts Feb 85 @ 2.35 |
2.76 |
|
|
10.75 |
|
|
694.25 |
4015.00 |
| |
|
END OF
2009 - INCOME - $4015.00 |
|
|
|
|
|
|
|
|
|
