Visa (V) touched a new 52-week high and was recently up $1.74 to $90.25 amid strength in the credit card names (MA is up $6.76 to $246.30). In the options, Visa is active. 11,000 calls and 5640 puts traded so far. The top trades have been lots of March 85 puts at the ask. March 90 calls are the most actives. There is no news on V or MA today, but implied volatility is up 1.5 percent to 23.75, as it appears that premium buyers are taking positions in anticipation of increasing volatility in Visa over the next two weeks.

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