Higher options volume in Visa as a player opens a bullish longer-term play. The Jan2018 110 - 120 call spread is bought for 89c, 50000X. The new position creates the largest open interest blocks in the name and is tied to shares on an 8 delta. The action is expressing confidence that shares can trend higher through the second half of 2016 and 2017. The breakeven is $110.89 and 37% above current levels