I have decided to buy puts on VISA. When the Visa IPO came out, I believed that V was way overpriced. There was a lot of hype during the IPO yet it fell and dropped like a rock. The SPY made a 3.5% move today yet V was in the red the entire day. There is a smell in the air and this was one is toast. There are no short shares available yet so I bought some long dated in the money puts. However, I think it might be better to be more aggressive. Had this stock IPOed 2 years ago then it would have been at 10. Its all baked into the cake now and my expectation is for V to drop like a rock during next earnings call. In a similiar move, I had bought puts on the Fortress IPO and the Blackstone IPO. I have also shorted both and added to those short positions all the way down. My opinion is that there was so much hype during those IPOS and they were wildly overpriced. I know that both these companies will go the way of Neiderhoffer and Amaranth. They will shutter their doors one day and thats not if, but when. Visa is done, stick a fork in it. Trade your mastercard as the sweet overvalued trade vehicle it is, but the VISA IPO is for those who like to go short. Short or buy puts on VISA.