Investors with a lot of money to spend have taken a bullish stance on Visa V.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with V, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $603,740, and 15 are calls, for a total amount of $1,054,297.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $300.0 for Visa over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Visa stands at 1085.92, with a total volume reaching 2,255.00. 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 $180.0 to $300.0, throughout the last 30 days.
Visa Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | NEUTRAL | 10/18/24 | $280.00 | $570.0K | 78 | 300 |
| V | PUT | TRADE | BEARISH | 01/17/25 | $250.00 | $440.0K | 1.3K | 500 |
| V | PUT | TRADE | BULLISH | 04/19/24 | $275.00 | $73.0K | 464 | 13 |
| V | CALL | SWEEP | BEARISH | 01/17/25 | $230.00 | $59.4K | 2.2K | 10 |
| V | PUT | SWEEP | BEARISH | 05/17/24 | $285.00 | $58.6K | 15 | 1 |
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.
In light of the recent options history for Visa, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Visa's Current Market Status
- With a volume of 2,863,960, the price of V is up 0.3% at $278.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 78 days.
Professional Analyst Ratings for Visa
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $313.0.
- An analyst from Susquehanna persists with their Positive rating on Visa, maintaining a target price of $326.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Visa with a target price of $309.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Visa with a target price of $319.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Visa with a target price of $311.
- An analyst from Keybanc persists with their Overweight rating on Visa, maintaining a target price of $300.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
