Financial giants have made a conspicuous bearish move on Visa. Our analysis of options history for Visa V revealed 12 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $124,700, and 8 were calls, valued at $339,685.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $245.0 to $300.0 for Visa during the past quarter.
Insights into 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 $245.0 to $300.0 in the last 30 days.
Visa Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 11/15/24 | $4.65 | $4.25 | $4.35 | $300.00 | $86.1K | 349 | 198 |
| V | CALL | TRADE | NEUTRAL | 01/17/25 | $15.15 | $14.85 | $15.0 | $280.00 | $52.5K | 1.6K | 35 |
| V | CALL | SWEEP | BEARISH | 08/16/24 | $10.25 | $10.05 | $10.05 | $270.00 | $46.2K | 10 | 47 |
| V | CALL | TRADE | BULLISH | 01/17/25 | $28.0 | $27.6 | $28.0 | $260.00 | $42.0K | 858 | 15 |
| V | PUT | SWEEP | BEARISH | 12/20/24 | $6.85 | $6.65 | $6.77 | $255.00 | $36.6K | 43 | 54 |
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.
Having examined the options trading patterns of Visa, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Visa
- Currently trading with a volume of 1,519,294, the V's price is down by -1.06%, now at $269.57.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 50 days.
Professional Analyst Ratings for Visa
1 market experts have recently issued ratings for this stock, with a consensus target price of $322.0.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $322.
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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