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News

Smart Money Is Betting Big In Visa Options

Author: Benzinga Insights | March 26, 2024 10:31am

Financial giants have made a conspicuous bearish move on Visa. Our analysis of options history for Visa (NYSE:V) revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $261,227, and 6 were calls, valued at $435,700.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $235.0 to $300.0 for Visa over the recent three months.

Volume & Open Interest Trends

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 $235.0 to $300.0 in the last 30 days.

Visa Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
V CALL SWEEP BEARISH 04/19/24 $277.50 $169.4K 36 585
V CALL SWEEP NEUTRAL 04/19/24 $277.50 $94.8K 36 152
V CALL SWEEP BULLISH 01/16/26 $270.00 $89.6K 198 19
V PUT TRADE BULLISH 04/19/24 $300.00 $88.0K 1 50
V PUT SWEEP BULLISH 04/19/24 $300.00 $62.2K 1 86

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.

Current Position of Visa

  • Currently trading with a volume of 1,177,137, the V's price is up by 1.14%, now at $284.42.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 28 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.

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

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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