A look at recent Visa whale exchanges

Someone with a lot of money to spend has taken a bearish stance on Visa V.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with V, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 41 unusual options trades for Visa.

It is not normal.

The general sentiment of these big traders is split between 41% bullish and 58% bearish.

Of all the special options we discovered, 15 are put options, totaling $707,787, and 26 are call options, totaling $1,992,963.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $150.0 to $340.0 for Visa over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Visa Options trades today is 1674.21 with a total volume of 11,911.00.

In the following chart, we are able to track the volume and open interest of Visa’s large trade call and put options within a strike price range of $150.0 to $340.0 in the last 30 days.

Volume of Visa options and open interest in the last 30 days

The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
V CALL TRADE BULLISH 05/20/22 $215.00 $432,000 3.7K 837
V CALL TRADE BEARISH 05/20/22 $210.00 $159,500 1.2K 237
V CALL TRADE NEUTRAL 09/16/22 $225.00 $153,200 518 188
V CALL SCANNING BULLISH 01/20/23 $150.00 $116,100 328 1
V CALL TRADE NEUTRAL 04/29/22 $207.50 $116,100 42 1.3K

Where is Visa right now?

  • With a volume of 6,822,337, the price of V is up 1.05% to $210.36.
  • RSI indicators suggest that the underlying stock may be oversold.
  • The next results should be published in 1 days.

What experts say about Visa:

  • Barclays has decided to maintain its overweight rating on Visa, which currently sits at a price target of $260.
  • Morgan Stanley decided to maintain its overweight rating on Visa, which currently sits at a price target of $279.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trading for {d[company_name]}, Benzinga Pro gives you real-time alerts on options trades.

About Mildred B.

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