27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on Visa (NYSE: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 10 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $89,070, and 7 are calls, for a total amount of $428,069.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $250.0 for Visa, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Visa options trades today is 1447.62 with a total volume of 554.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Visa's big money trades within a strike price range of $130.0 to $250.0 over the last 30 days.
Visa Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 12/15/23 | $240.00 | $101.9K | 2.3K | 17 |
| V | CALL | TRADE | NEUTRAL | 01/19/24 | $220.00 | $80.3K | 2.8K | 8 |
| V | CALL | TRADE | BEARISH | 12/01/23 | $235.00 | $74.2K | 97 | 59 |
| V | CALL | TRADE | BEARISH | 12/15/23 | $245.00 | $55.0K | 4.5K | 154 |
| V | CALL | TRADE | NEUTRAL | 11/24/23 | $230.00 | $50.5K | 68 | 30 |
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 trading volume of 2,583,495, the price of V is up by 0.95%, reaching $247.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 72 days from now.
What The Experts Say On Visa
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $270.6.
- An analyst from Keybanc has decided to maintain their Overweight rating on Visa, which currently sits at a price target of $275.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $270.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Visa with a target price of $278.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Visa, targeting a price of $287.
- An analyst from Mizuho has decided to maintain their Neutral rating on Visa, which currently sits at a price target of $243.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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