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News

Visa Whale Trades Spotted

Author: Benzinga Insights | June 22, 2022 12:14pm

A whale with a lot of money to spend has taken a noticeably bearish stance on Visa.

Looking at options history for Visa (NYSE:V) we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $217,835 and 9, calls, for a total amount of $380,471.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $280.0 for Visa over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Visa options trades today is 602.89 with a total volume of 1,826.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Visa's big money trades within a strike price range of $160.0 to $280.0 over the last 30 days.

Visa Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
V CALL SWEEP BEARISH 06/24/22 $165.00 $123.3K 50 100
V PUT TRADE BEARISH 12/16/22 $280.00 $100.2K 2 12
V CALL SWEEP BEARISH 08/19/22 $215.00 $57.3K 89 189
V PUT SWEEP BULLISH 07/01/22 $195.00 $41.9K 283 173
V PUT TRADE BULLISH 01/20/23 $190.00 $38.1K 2.0K 35

Where Is Visa Standing Right Now?

  • With a volume of 1,747,321, the price of V is up 0.6% at $195.55.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 34 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.

Posted In: V

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