Financial giants have made a conspicuous bullish move on Visa. Our analysis of options history for Visa V revealed 24 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $880,462, and 18 were calls, valued at $1,310,893.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $270.0 and $345.0 for Visa, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Visa stands at 1350.17, with a total volume reaching 13,904.00. 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 $270.0 to $345.0, throughout the last 30 days.
Visa Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | PUT | SWEEP | BULLISH | 01/16/26 | $22.2 | $21.55 | $22.15 | $310.00 | $469.6K | 133 | 224 |
| V | CALL | SWEEP | BULLISH | 01/16/26 | $19.6 | $19.55 | $19.6 | $345.00 | $407.0K | 251 | 218 |
| V | PUT | SWEEP | NEUTRAL | 01/16/26 | $21.4 | $21.25 | $21.4 | $310.00 | $275.2K | 133 | 1.4K |
| V | CALL | SWEEP | BULLISH | 01/17/25 | $42.9 | $40.2 | $41.68 | $275.00 | $117.2K | 6.3K | 1.3K |
| V | CALL | TRADE | BEARISH | 03/21/25 | $40.25 | $38.7 | $39.02 | $280.00 | $117.0K | 277 | 30 |
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.
Following our analysis of the options activities associated with Visa, we pivot to a closer look at the company's own performance.
Visa's Current Market Status
- Trading volume stands at 4,740,524, with V's price up by 1.18%, positioned at $318.6.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 34 days.
Expert Opinions on Visa
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $370.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Visa with a target price of $375. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Visa with a target price of $371. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Visa with a target price of $375. * An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $360.
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
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
