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 11 extraordinary options activities for Visa. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 6 are puts, totaling $245,193, and 5 are calls, amounting to $165,585.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $270.0 for Visa during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Visa stands at 784.83, with a total volume reaching 657.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Visa, situated within the strike price corridor from $170.0 to $270.0, throughout the last 30 days.
Visa Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | PUT | TRADE | BULLISH | 03/15/24 | $270.00 | $54.4K | 19 | 28 |
| V | CALL | TRADE | BEARISH | 06/21/24 | $210.00 | $45.2K | 462 | 8 |
| V | PUT | SWEEP | BEARISH | 03/15/24 | $270.00 | $40.0K | 19 | 184 |
| V | PUT | SWEEP | BEARISH | 03/15/24 | $270.00 | $40.0K | 19 | 151 |
| V | PUT | TRADE | NEUTRAL | 03/15/24 | $270.00 | $40.0K | 19 | 184 |
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.
Following our analysis of the options activities associated with Visa, we pivot to a closer look at the company's own performance.
Present Market Standing of Visa
- With a trading volume of 1,562,693, the price of V is up by 0.29%, reaching $260.45.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 17 days from now.
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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