Deep-pocketed investors have adopted a bearish approach towards Visa V, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in V usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Visa. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $762,928, and 6 are calls, amounting to $284,321.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $290.0 for Visa over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Visa stands at 946.9, with a total volume reaching 1,141.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Visa, situated within the strike price corridor from $240.0 to $290.0, throughout the last 30 days.
Visa Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | PUT | TRADE | NEUTRAL | 01/16/26 | $13.0 | $12.4 | $12.75 | $240.00 | $510.0K | 611 | 1 |
| V | PUT | SWEEP | NEUTRAL | 03/21/25 | $9.95 | $9.9 | $9.94 | $250.00 | $89.3K | 32 | 68 |
| V | CALL | SWEEP | BULLISH | 03/21/25 | $18.9 | $18.7 | $18.8 | $290.00 | $84.6K | 12 | 50 |
| V | CALL | SWEEP | BEARISH | 05/31/24 | $4.85 | $4.75 | $4.78 | $280.00 | $55.9K | 4 | 0 |
| V | PUT | SWEEP | BEARISH | 05/17/24 | $6.0 | $5.9 | $5.98 | $270.00 | $53.8K | 2.4K | 200 |
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 volume of 1,437,644, the price of V is down -0.7% at $270.78.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 5 days.
What Analysts Are Saying About Visa
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $309.4.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Visa with a target price of $265.
- An analyst from Baird persists with their Outperform rating on Visa, maintaining a target price of $320.
- In a cautious move, an analyst from TD Cowen downgraded its rating to Buy, setting a price target of $320.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Visa with a target price of $335.
- In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Neutral, setting a price target of $307.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Visa with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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