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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $181,615 and 9, calls, for a total amount of $378,617.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $275.0 for Visa over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Visa's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Visa's whale activity within a strike price range from $230.0 to $275.0 in the last 30 days.
Visa 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | PUT | SWEEP | BULLISH | 02/16/24 | $240.00 | $108.0K | 4 | 0 |
| V | CALL | TRADE | BULLISH | 01/16/26 | $230.00 | $96.3K | 49 | 0 |
| V | PUT | SWEEP | BEARISH | 03/15/24 | $275.00 | $73.6K | 93 | 0 |
| V | CALL | TRADE | BEARISH | 01/17/25 | $240.00 | $57.8K | 1.9K | 15 |
| V | CALL | TRADE | BEARISH | 12/15/23 | $250.00 | $37.4K | 6.3K | 164 |
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.
Current Position of Visa
- With a volume of 3,095,067, the price of V is down -1.72% at $254.28.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
Professional Analyst Ratings for Visa
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $293.3333333333333.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Visa, targeting a price of $295.
- An analyst from UBS has decided to maintain their Buy rating on Visa, which currently sits at a price target of $305.
- Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $280.
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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