Financial giants have made a conspicuous bearish move on Visa. Our analysis of options history for Visa V revealed 18 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $319,414, and 12 were calls, valued at $526,839.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $220.0 to $290.0 for Visa during the past quarter.
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 $220.0 to $290.0 over the preceding 30 days.
Visa Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | PUT | TRADE | BEARISH | 05/17/24 | $17.0 | $15.3 | $16.5 | $290.00 | $99.0K | 112 | 0 |
| V | PUT | SWEEP | BULLISH | 09/20/24 | $11.8 | $11.75 | $11.75 | $280.00 | $98.7K | 662 | 33 |
| V | CALL | TRADE | BEARISH | 06/21/24 | $7.35 | $7.3 | $7.3 | $275.00 | $72.2K | 2.0K | 395 |
| V | CALL | TRADE | BEARISH | 06/21/24 | $7.3 | $7.15 | $7.2 | $275.00 | $72.0K | 2.0K | 394 |
| V | CALL | TRADE | BULLISH | 06/21/24 | $6.7 | $6.55 | $6.7 | $275.00 | $58.2K | 2.0K | 100 |
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.
Following our analysis of the options activities associated with Visa, we pivot to a closer look at the company's own performance.
Current Position of Visa
- Trading volume stands at 2,711,150, with V's price up by 1.39%, positioned at $276.45.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 77 days.
What The Experts Say On Visa
5 market experts have recently issued ratings for this stock, with a consensus target price of $311.2.
- Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Visa, targeting a price of $320.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Visa, targeting a price of $321.
- An analyst from Macquarie persists with their Outperform rating on Visa, maintaining a target price of $300.
- An analyst from RBC Capital persists with their Outperform rating on Visa, maintaining a target price of $315.
- An analyst from Wedbush persists with their Outperform rating on Visa, maintaining a target price of $300.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
