Investors with a lot of money to spend have taken a bearish stance on Visa V.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with V, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $871,729, and 4 are calls, for a total amount of $1,311,100.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $310.0 for Visa over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Visa options trades today is 1006.64 with a total volume of 2,188.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Visa's big money trades within a strike price range of $240.0 to $310.0 over the last 30 days.
Visa Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 01/17/25 | $295.00 | $1.2M | 323 | 750 |
| V | PUT | TRADE | BEARISH | 01/17/25 | $250.00 | $256.5K | 2.5K | 301 |
| V | PUT | TRADE | NEUTRAL | 03/15/24 | $300.00 | $130.7K | 6 | 50 |
| V | PUT | SWEEP | BULLISH | 05/17/24 | $285.00 | $104.1K | 370 | 55 |
| V | PUT | SWEEP | BULLISH | 05/17/24 | $285.00 | $73.7K | 370 | 55 |
About Visa
Visa is the largest payment processor in the world. In fiscal 2022, it processed over $14 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.
After a thorough review of the options trading surrounding Visa, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Visa's Current Market Status
- With a trading volume of 1,813,580, the price of V is down by -0.36%, reaching $274.16.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 62 days from now.
What Analysts Are Saying About Visa
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $309.8.
- An analyst from UBS persists with their Buy rating on Visa, maintaining a target price of $315.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Visa, targeting a price of $309.
- An analyst from Barclays persists with their Overweight rating on Visa, maintaining a target price of $319.
- An analyst from Susquehanna persists with their Positive rating on Visa, maintaining a target price of $326.
- An analyst from Wedbush has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $280.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Visa options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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