Whales with a lot of money to spend have taken a noticeably bearish stance on Visa.
Looking at options history for Visa V we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $254,289 and 9, calls, for a total amount of $455,907.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $300.0 for Visa, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Visa's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Visa's substantial trades, within a strike price spectrum from $240.0 to $300.0 over the preceding 30 days.
Visa 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | SWEEP | NEUTRAL | 11/15/24 | $240.00 | $121.7K | 18 | 44 |
| V | CALL | TRADE | BEARISH | 11/15/24 | $240.00 | $61.6K | 18 | 11 |
| V | CALL | TRADE | BEARISH | 11/15/24 | $240.00 | $61.1K | 18 | 22 |
| V | PUT | SWEEP | NEUTRAL | 12/20/24 | $295.00 | $59.3K | 34 | 52 |
| V | CALL | SWEEP | BULLISH | 06/21/24 | $250.00 | $48.0K | 3.6K | 308 |
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.
In light of the recent options history for Visa, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Visa Standing Right Now?
- With a trading volume of 1,565,334, the price of V is down by -0.09%, reaching $283.34.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 57 days from now.
Expert Opinions on Visa
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $319.0.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Visa, targeting a price of $319.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Visa, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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