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A whale with a lot of money to spend has taken a noticeably bullish stance on Visa.
Looking at options history for Visa V we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $136,325 and 7, calls, for a total amount of $980,538.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $210.0 for Visa over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Visa options trades today is 829.89 with a total volume of 986.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Visa’s big money trades within a strike price range of $160.0 to $210.0 over the last 30 days.
Visa Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BULLISH | 11/25/22 | $175.00 | $537.2K | 86 | 320 |
| V | CALL | SWEEP | BEARISH | 11/18/22 | $175.00 | $167.8K | 600 | 101 |
| V | CALL | SWEEP | BEARISH | 12/16/22 | $200.00 | $75.6K | 1.8K | 108 |
| V | CALL | SWEEP | BULLISH | 12/16/22 | $195.00 | $72.0K | 2.1K | 151 |
| V | PUT | TRADE | BEARISH | 12/16/22 | $200.00 | $65.4K | 596 | 46 |
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| V | CALL | TRADE | BULLISH | 11/25/22 | $175.00 | $537.2K | 86 | 320 |
| V | CALL | SWEEP | BEARISH | 11/18/22 | $175.00 | $167.8K | 600 | 101 |
| V | CALL | SWEEP | BEARISH | 12/16/22 | $200.00 | $75.6K | 1.8K | 108 |
| V | CALL | SWEEP | BULLISH | 12/16/22 | $195.00 | $72.0K | 2.1K | 151 |
| V | PUT | TRADE | BEARISH | 12/16/22 | $200.00 | $65.4K | 596 | 46 |
Where Is Visa Standing Right Now?
- With a volume of 1,443,896, the price of V is up 1.96% at $190.07.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 5 days.
What The Experts Say On Visa:
- Deutsche Bank has decided to maintain their Buy rating on Visa, which currently sits at a price target of $260.
- Truist Securities has decided to maintain their Buy rating on Visa, which currently sits at a price target of $220.
- Morgan Stanley has decided to maintain their Overweight rating on Visa, which currently sits at a price target of $282.
- Baird has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $240.
- Raymond James has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $261.
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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Image and article originally from www.benzinga.com. Read the original article here.