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Looking At Visa's Recent Unusual Options Activity

Author: Benzinga Insights | March 12, 2024 03:00pm

Whales with a lot of money to spend have taken a noticeably bearish stance on Visa.

Looking at options history for Visa (NYSE:V) we detected 52 trades.

If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $96,350 and 49, calls, for a total amount of $2,829,806.

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 $250.0 and $320.0 for Visa, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $250.0 to $320.0 in the last 30 days.

Visa 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
V CALL SWEEP BULLISH 03/15/24 $255.00 $524.4K 1.3K 186
V CALL SWEEP BEARISH 03/15/24 $270.00 $290.5K 4.1K 336
V CALL SWEEP BEARISH 06/21/24 $300.00 $100.7K 2.3K 269
V CALL SWEEP BEARISH 03/15/24 $270.00 $91.0K 4.1K 1.3K
V CALL SWEEP BEARISH 03/15/24 $270.00 $72.8K 4.1K 1.0K

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.

Present Market Standing of Visa

  • Trading volume stands at 4,240,017, with V's price up by 0.28%, positioned at $281.34.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 42 days.

Expert Opinions on Visa

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $322.5.

  • An analyst from Wells Fargo persists with their Overweight rating on Visa, maintaining a target price of $325.
  • Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Visa, targeting a price of $320.

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.

Posted In: V

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