Looking At Visa's Recent Unusual Options Activity

Author: Benzinga Insights | April 25, 2024 01:15pm

Deep-pocketed investors have adopted a bullish approach towards Visa (NYSE:V), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in V usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for Visa. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 42% bearish. Among these notable options, 8 are puts, totaling $339,400, and 18 are calls, amounting to $718,929.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $355.0 for Visa over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Visa stands at 705.31, with a total volume reaching 3,981.00. 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 $250.0 to $355.0, throughout the last 30 days.

Visa 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
V	CALL	SWEEP	BEARISH	01/17/25	$19.35	$19.3	$19.3	$280.00	$77.2K	1.6K	0
V	CALL	SWEEP	BEARISH	09/20/24	$15.4	$15.3	$15.3	$275.00	$74.9K	187	118
V	PUT	SWEEP	BEARISH	04/26/24	$11.4	$11.3	$11.4	$282.50	$67.2K	507	458
V	CALL	TRADE	BULLISH	01/16/26	$11.4	$11.15	$11.35	$355.00	$55.6K	120	50
V	PUT	TRADE	BEARISH	07/19/24	$2.23	$2.1	$2.2	$250.00	$55.0K	1.0K	255

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.

Following our analysis of the options activities associated with Visa, we pivot to a closer look at the company's own performance.

Current Position of Visa

• Trading volume stands at 2,617,518, with V's price up by 0.07%, positioned at $275.2.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 89 days.

What Analysts Are Saying About Visa

In the last month, 5 experts released ratings on this stock with an average target price of $303.6.

• Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Visa, targeting a price of $321.
• In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Neutral, setting a price target of $307.
• An analyst from Macquarie has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $300.
• An analyst from UBS has decided to maintain their Buy rating on Visa, which currently sits at a price target of $325.
• Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Visa with a target price of $265.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Visa options trades with real-time alerts from Benzinga Pro.

Posted In: V