Financial giants have made a conspicuous bullish move on Visa. Our analysis of options history for Visa V revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $680,964, and 6 were calls, valued at $411,951.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $300.0 for Visa during the past quarter.
Analyzing Volume & Open Interest
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 Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 11/15/24 | $4.5 | $4.35 | $4.4 | $300.00 | $185.2K | 680 | 0 |
| V | PUT | SWEEP | BULLISH | 08/16/24 | $5.3 | $5.2 | $5.2 | $270.00 | $157.0K | 3.1K | 710 |
| V | PUT | SWEEP | BULLISH | 08/16/24 | $5.35 | $5.3 | $5.3 | $270.00 | $135.1K | 3.1K | 72 |
| V | PUT | SWEEP | BULLISH | 08/16/24 | $5.25 | $5.15 | $5.15 | $270.00 | $127.2K | 3.1K | 1.0K |
| V | PUT | SWEEP | BULLISH | 08/16/24 | $5.4 | $5.35 | $5.35 | $270.00 | $102.2K | 3.1K | 72 |
About Visa
Visa is the largest payment processor in the world. In fiscal 2023, it processed almost $15 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.
Current Position of Visa
- With a trading volume of 7,864,258, the price of V is up by 0.03%, reaching $273.6.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 27 days from now.
Professional Analyst Ratings for Visa
1 market experts have recently issued ratings for this stock, with a consensus target price of $330.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Visa, targeting a price of $330.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
