Deep-pocketed investors have adopted a bearish approach towards Visa V, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in V usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Visa. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 64% bearish. Among these notable options, 2 are puts, totaling $61,750, and 12 are calls, amounting to $1,368,713.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $270.0 for Visa during the past quarter.
Volume & Open Interest Trends
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 $230.0 to $270.0 over the preceding 30 days.
Visa Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | SWEEP | BEARISH | 03/15/24 | $270.00 | $304.5K | 1.3K | 1.1K |
| V | CALL | SWEEP | BEARISH | 03/15/24 | $270.00 | $184.4K | 1.3K | 368 |
| V | CALL | SWEEP | BEARISH | 03/15/24 | $270.00 | $166.4K | 1.3K | 2.3K |
| V | CALL | TRADE | BULLISH | 01/19/24 | $230.00 | $141.7K | 6.3K | 0 |
| V | CALL | SWEEP | BEARISH | 03/15/24 | $270.00 | $140.7K | 1.3K | 636 |
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?
- Currently trading with a volume of 1,872,090, the V's price is up by 0.02%, now at $256.72.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 55 days.
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.
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