Bank Of America Credited With Decline In Visa After Downgrade - Visa (NYSE:V)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Visa Inc (NYSE: V) shares are trading lower by $2.22 at $67.93 in Thursday's session. Bank of America's downgrade from Buy to Neutral has put additional selling pressure on the issue in an already weak tape.After a lower open, it rallied and found resistance right at the lower end of Wednesday's range ($69.07) and began to drift lower. It came back down to match its low from the open ($67.43), but has been struggling to remain in the $68 handle.The low for its recent slide was made on Tuesday at $66.12.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!