High-rolling investors have positioned themselves bearish on Visa (NYSE: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 10 options trades for Visa. This is not a typical pattern.
The sentiment among these major traders is split, with 30% bullish and 70% bearish. Among all the options we identified, there was one put, amounting to $47,760, and 9 calls, totaling $1,703,150.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $260.0 for Visa over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Visa's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Visa's whale trades within a strike price range from $120.0 to $260.0 in the last 30 days.
Visa Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | NEUTRAL | 01/17/25 | $230.00 | $877.4K | 2.2K | 201 |
| V | CALL | TRADE | BEARISH | 01/17/25 | $240.00 | $186.7K | 1.8K | 53 |
| V | CALL | TRADE | BULLISH | 06/21/24 | $190.00 | $172.1K | 202 | 25 |
| V | CALL | SWEEP | BEARISH | 12/15/23 | $240.00 | $157.7K | 3.1K | 167 |
| V | CALL | SWEEP | BEARISH | 06/21/24 | $260.00 | $123.5K | 1.3K | 148 |
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 1,272,507, with V's price down by -0.21%, positioned at $253.61.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 58 days.
Professional Analyst Ratings for Visa
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $260.5.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Visa, targeting a price of $278.
- An analyst from Mizuho has decided to maintain their Neutral rating on Visa, which currently sits at a price target of $243.
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.