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 9 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $1,200,000, and 5 are calls, for a total amount of $1,198,614.
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 $260.0 to $375.0 for Visa during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Visa's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Visa's significant trades, within a strike price range of $260.0 to $375.0, over the past month.
Visa Option Volume And Open Interest Over Last 30 Days
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 | BULLISH | 06/20/25 | $26.2 | $24.6 | $25.95 | $290.00 | $1.0M | 290 | 400 |
| V | PUT | TRADE | BEARISH | 04/19/24 | $99.05 | $96.2 | $97.95 | $375.00 | $881.5K | 0 | 90 |
| V | PUT | TRADE | BULLISH | 04/19/24 | $24.05 | $22.25 | $22.95 | $300.00 | $206.5K | 123 | 90 |
| V | PUT | SWEEP | BULLISH | 06/21/24 | $4.4 | $4.3 | $4.31 | $265.00 | $77.5K | 1.6K | 2 |
| V | CALL | SWEEP | BEARISH | 10/18/24 | $31.2 | $30.85 | $30.85 | $260.00 | $55.5K | 25 | 18 |
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
Present Market Standing of Visa
- Trading volume stands at 1,600,715, with V's price up by 0.08%, positioned at $277.36.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 15 days.
What Analysts Are Saying About Visa
3 market experts have recently issued ratings for this stock, with a consensus target price of $302.3333333333333.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Visa with a target price of $335.
- An analyst from Redburn Atlantic has revised its rating downward to Neutral, adjusting the price target to $307.
- An analyst from Mizuho persists with their Neutral rating on Visa, maintaining a target price of $265.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Visa options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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