Investors with a lot of money to spend have taken a bullish stance on Visa (NYSE: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 13 uncommon options trades for Visa.
This isn't normal.
The overall sentiment of these big-money traders is split between 76% bullish and 23%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $276,820, and 9 are calls, for a total amount of $365,032.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $255.0 and $275.0 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 $255.0 to $275.0, over the past month.
Visa Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | PUT | SWEEP | BEARISH | 09/20/24 | $4.85 | $4.7 | $4.85 | $260.00 | $145.5K | 676 | 5 |
| V | CALL | SWEEP | BULLISH | 07/19/24 | $2.77 | $2.76 | $2.77 | $270.00 | $67.3K | 1.4K | 365 |
| V | CALL | SWEEP | BULLISH | 07/19/24 | $1.78 | $1.71 | $1.78 | $275.00 | $54.8K | 4.2K | 745 |
| V | PUT | SWEEP | BULLISH | 01/17/25 | $9.95 | $9.8 | $9.8 | $260.00 | $52.9K | 2.2K | 3 |
| V | CALL | TRADE | BEARISH | 07/05/24 | $0.63 | $0.61 | $0.61 | $272.50 | $45.7K | 340 | 80 |
About Visa
Visa is the largest payment processor in the world. In fiscal 2023, it processed almost $15 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.
Visa's Current Market Status
- With a trading volume of 4,089,009, the price of V is down by -0.5%, reaching $265.25.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 25 days from now.
What Analysts Are Saying About Visa
In the last month, 1 experts released ratings on this stock with an average target price of $330.0.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $330.
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.