V – Visa, Inc. – Shares of the global payments technology company are up 0.75% to $77.76 just before 1:40 pm (ET), but earlier in the session rallied as much as 2.5% to an intraday high of $79.13. The bullish movement in the price of the underlying shares inspired near-term optimists to take action. Investors purchased approximately 4,400 calls at the June $80 strike for an average premium of $0.33 apiece. Call buyers at this strike price lose the entire premium paid for the calls if they land out-of-the-money tomorrow. But, investors long the calls are poised to profit if shares of the credit card company rally through the average breakeven price of $80.33 ahead of June expiration. Bullish individuals populated the July $80 strike where 1,200 call options were purchased at an average premium of $2.37 apiece. Options traders long the July $80 strike calls make money if, by July expiration, shares increase 5.9% over the current price of $77.76 to exceed the effective breakeven point at $82.37. Finally, uber-bulls bought roughly 1,700 calls at the higher July $85 strike for an average premium of $0.84 a-pop. Higher-strike call coveters profit only if Visa’s shares surge 10.4% to trade above the breakeven price of $85.84 by expiration day next month.