Visa Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | July 18, 2024 11:32am

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 10 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 60% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $61,164 and 8, calls, for a total amount of $723,595.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $280.0 for Visa over the last 3 months.

Volume & Open Interest Development

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 $280.0 in the last 30 days.

Visa Option Volume And Open Interest Over 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	NEUTRAL	12/20/24	$13.1	$12.9	$13.0	$280.00	$182.0K	369	5
V	CALL	TRADE	BEARISH	08/16/24	$8.9	$8.8	$8.8	$270.00	$143.4K	3.5K	445
V	CALL	TRADE	BEARISH	08/16/24	$9.0	$8.8	$8.8	$270.00	$133.7K	3.5K	293
V	CALL	SWEEP	BEARISH	08/16/24	$9.0	$8.8	$8.8	$270.00	$88.8K	3.5K	138
V	CALL	TRADE	BEARISH	08/16/24	$8.75	$8.65	$8.65	$270.00	$52.7K	3.5K	1.4K

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.

After a thorough review of the options trading surrounding Visa, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Visa Standing Right Now?

• With a trading volume of 1,054,576, the price of V is down by -0.28%, reaching $271.95.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 5 days from now.

Expert Opinions on Visa

3 market experts have recently issued ratings for this stock, with a consensus target price of $309.0.

• Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Visa with a target price of $330.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Visa with a target price of $300.
• In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $297.

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.

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