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 41% bearish. Among these notable options, 7 are puts, totaling $454,292, and 5 are calls, amounting to $1,954,590.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $210.0 to $290.0 for Visa during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Visa stands at 842.62, with a total volume reaching 1,850.00. 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 $210.0 to $290.0, throughout the last 30 days.
Visa Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 01/17/25 | $24.75 | $23.95 | $24.15 | $250.00 | $1.6M | 3.4K | 701 |
| V | PUT | SWEEP | NEUTRAL | 10/18/24 | $9.55 | $9.5 | $9.55 | $265.00 | $87.8K | 320 | 98 |
| V | CALL | SWEEP | NEUTRAL | 06/20/25 | $12.55 | $12.45 | $12.45 | $290.00 | $85.4K | 1.0K | 69 |
| V | CALL | TRADE | BEARISH | 12/18/26 | $78.35 | $75.55 | $75.55 | $210.00 | $75.5K | 13 | 10 |
| V | PUT | SWEEP | BEARISH | 10/18/24 | $13.15 | $12.1 | $13.15 | $270.00 | $72.3K | 656 | 110 |
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 3,630,979, the price of V is up by 0.23%, reaching $260.36.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 71 days from now.
What The Experts Say On Visa
In the last month, 5 experts released ratings on this stock with an average target price of $308.4.
- Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for Visa, targeting a price of $300.
- An analyst from Piper Sandler persists with their Overweight rating on Visa, maintaining a target price of $319.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Visa, targeting a price of $311.
- An analyst from Morgan Stanley persists with their Overweight rating on Visa, maintaining a target price of $322.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Visa with a target price of $290.
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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