High-rolling investors have positioned themselves bearish on Visa V, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in V often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Visa. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $32,580, and 11 calls, totaling $650,859.
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 $240.0 to $250.0 for Visa over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Visa options trades today is 3545.8 with a total volume of 1,500.00.
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 $240.0 to $250.0 over the last 30 days.
Visa 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | SWEEP | NEUTRAL | 12/15/23 | $250.00 | $151.3K | 7.8K | 16 |
| V | CALL | SWEEP | BEARISH | 12/15/23 | $245.00 | $99.4K | 4.0K | 44 |
| V | CALL | TRADE | BEARISH | 12/15/23 | $245.00 | $59.2K | 4.0K | 265 |
| V | CALL | TRADE | BULLISH | 12/15/23 | $245.00 | $49.7K | 4.0K | 155 |
| V | CALL | TRADE | BEARISH | 12/15/23 | $245.00 | $49.0K | 4.0K | 421 |
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.
Where Is Visa Standing Right Now?
- With a trading volume of 1,300,763, the price of V is up by 0.31%, reaching $253.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 64 days from now.
What The Experts Say On Visa
4 market experts have recently issued ratings for this stock, with a consensus target price of $269.5.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Visa with a target price of $287.
- An analyst from Barclays persists with their Overweight rating on Visa, maintaining a target price of $278.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Visa with a target price of $243.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $270.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
