Deep-pocketed investors have adopted a bullish 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 17 extraordinary options activities for Visa. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 29% bearish. Among these notable options, 12 are puts, totaling $1,182,568, and 5 are calls, amounting to $230,455.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $270.0 for Visa over the last 3 months.
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 $200.0 to $270.0 over the preceding 30 days.
Visa 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | PUT | SWEEP | BULLISH | 02/16/24 | $255.00 | $486.2K | 4.1K | 895 |
| V | PUT | SWEEP | BULLISH | 02/16/24 | $255.00 | $276.7K | 4.1K | 0 |
| V | PUT | SWEEP | BULLISH | 02/16/24 | $255.00 | $128.8K | 4.1K | 3.0K |
| V | CALL | TRADE | BEARISH | 06/21/24 | $200.00 | $65.6K | 1.3K | 0 |
| V | CALL | TRADE | BULLISH | 06/21/24 | $200.00 | $65.6K | 1.3K | 0 |
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.
Where Is Visa Standing Right Now?
- With a volume of 653,122, the price of V is down -0.09% at $259.3.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
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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