Investors with a lot of money to spend have taken a bearish 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 8 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $89,901, and 6 are calls, for a total amount of $280,598.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $267.5 for Visa, spanning the last three months.
Analyzing Volume & Open Interest
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 $145.0 to $267.5, over the past month.
Visa Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | SWEEP | BULLISH | 01/19/24 | $205.00 | $93.0K | 938 | 1 |
| V | CALL | SWEEP | BEARISH | 01/17/25 | $265.00 | $62.8K | 615 | 30 |
| V | PUT | SWEEP | BEARISH | 02/16/24 | $265.00 | $58.8K | 652 | 1 |
| V | CALL | TRADE | BULLISH | 01/17/25 | $145.00 | $38.2K | 6 | 3 |
| V | PUT | SWEEP | BEARISH | 01/26/24 | $267.50 | $31.0K | 15 | 166 |
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.
In light of the recent options history for Visa, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Visa
- Trading volume stands at 1,214,260, with V's price down by -0.42%, positioned at $264.12.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 8 days.
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.
© 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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