Visa's Options Frenzy: What You Need to Know
Whales with a lot of money to spend have taken a noticeably bearish stance on Visa.
Looking at options history for Visa V we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $875,964 and 4, calls, for a total amount of $279,465.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $300.0 for Visa over the recent three months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of Visa stands at 446.8, with a total volume reaching 1,862.00. 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 $230.0 to $300.0, throughout the last 30 days.
Visa Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BEARISH | 09/20/24 | $34.55 | $33.75 | $34.0 | $250.00 | $170.0K | 229 | 52 |
| V | PUT | SWEEP | BEARISH | 12/20/24 | $19.0 | $18.75 | $18.8 | $300.00 | $99.5K | 49 | 106 |
| V | PUT | SWEEP | BULLISH | 11/15/24 | $14.25 | $14.0 | $14.14 | $295.00 | $77.9K | 340 | 343 |
| V | PUT | SWEEP | BEARISH | 11/15/24 | $14.1 | $13.8 | $13.99 | $295.00 | $77.4K | 340 | 288 |
| V | PUT | SWEEP | BEARISH | 12/20/24 | $15.5 | $15.25 | $15.45 | $295.00 | $69.5K | 129 | 154 |
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.
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
- With a volume of 27,553,349, the price of V is down -0.43% at $284.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 32 days.
What Analysts Are Saying About Visa
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $314.6666666666667.
Unusual Options Activity Detected: Smart Money on the Move
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* Reflecting concerns, an analyst from Compass Point lowers its rating to Buy with a new price target of $319.
* Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Visa, targeting a price of $308.
* Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Visa with a target price of $317.
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.
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