V Long — V earnings gap re-rating confirmed with institutional cVisa Inc. Class ANYSE:VivvixSetup: V gapped up ~9% on earnings, printing a massive volume bar (4.7M shares in the first hour) that dwarfs anything seen on the 4h chart since January. The 4h trend had been a controlled downtrend from 350 to the 295 lows, and this earnings gap recaptures multiple months of distribution in a single session. On the 1h, price opened at 336.4, ran to 342, pulled back to 333.79, and is now consolidating just above the gap open at ~338 — a healthy absorption pattern. The 340 level is the immediate supply zone; a hold above 333-334 (gap open shelf) keeps the thesis intact. Flow: Options flow is overwhelmingly call-dominated — call/put premium ratio of 13:1 and volume ratio over 5:1. Deep ITM calls on the 310 and 315 strikes across May-15 and weekly expirations signal institutional conviction on upside continuation, not just short-term speculative flow. The bullish analyst actions (BMO raise, Cantor reiterate) reinforce that this is a fundamental re-rating, not a one-day pop. The single notable bearish trade (335P BTO, May-08) is a near-term hedge consistent with FOMC vol hedging, not a directional fade. FOMC is the primary risk — vol compression into the decision followed by expansion after is the base case, but the idiosyncratic earnings driver should insulate V from broad tape damage. Plan: Stop is placed below the intraday pullback low and the gap-open shelf — a close back into the low 333s would indicate the gap is filling and the re-rating thesis is broken. Target is the prior HTF resistance zone near 350 that acted as the breakdown level in early January — the natural magnetic level for a post-earnings recovery and a clean R/R above 2. If FOMC creates a broad selloff that drags V below 333 on heavy tape volume, exit without hesitation. 📍 Entry: 338.06 🛑 Stop: 333.00 🎯 Target: 350.00 ⚖️ R:R: 2.36