Visa Stock Rises 3.5% Following Strong Earnings Report
Oct 31, 2024
Smart Money Takes a Bearish Stance on Visa Options
Financial powerhouses have made a notable bearish move regarding Visa Inc. (NYSE: V). A detailed analysis of Visa’s options history uncovered 14 unusual trades, shedding light on current market sentiments.
In our examination, we found that only 21% of traders are taking a bullish view, while a more significant 57% are leaning towards bearish sentiment. Among the identified trades, 8 were put options with a cumulative value of $375,521, contrasted with 6 call options, totaling $278,070.
Expected Price Movements
From the recent trading activities, it seems that large investors foresee Visa's price fluctuating between $260.00 and $310.00 over the next three months.
Analyzing Volume & Open Interest
When looking at liquidity, the average open interest for Visa options trades today stands at 681.27, with a total trading volume clocking in at 1,760.00.
Visa Call and Put Volume: 30-Day Overview
In the course of the last month, we can observe shifts in both call and put option volumes, particularly within the identified strike price range of $260.00 to $310.00.
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| V | PUT | SWEEP | BEARISH | 12/20/24 | $7.80 | $7.75 | $7.80 | $280.00 | $121.6K | 1.1K | 161 |
| V | CALL | TRADE | BEARISH | 12/18/26 | $56.50 | $56.00 | $56.00 | $265.00 | $56.0K | 127 | 10 |
| V | CALL | TRADE | NEUTRAL | 11/15/24 | $5.35 | $5.20 | $5.28 | $287.50 | $52.2K | 140 | 118 |
| V | CALL | SWEEP | BEARISH | 11/01/24 | $4.55 | $4.45 | $4.50 | $285.00 | $49.9K | 461 | 289 |
| V | CALL | TRADE | NEUTRAL | 03/21/25 | $15.50 | $15.25 | $15.39 | $285.00 | $49.2K | 293 | 32 |
About Visa
Visa stands as the world's largest payment processor, handling nearly $15 trillion in total volume during fiscal year 2023. The company operates across over 200 countries and manages transactions in more than 160 currencies, boasting a system capable of processing 65,000 transactions per second.
Amidst the recent activity in Visa options, it is important to reflect on the company's overall performance.
Current Position of Visa
- The current trading volume for Visa is 2,698,419, with a slight decrease of -0.81%, bringing the stock price to $281.47.
- Recent Relative Strength Index (RSI) values suggest that the stock might be nearing an overbought condition.
- Ahead, the next earnings report is scheduled in five days.
Professional Analyst Ratings for Visa
Recently, five analysts have rated Visa, offering an average target price of $316. The following ratings highlight varying opinions on the stock’s future:
Top Analyst Ratings:
- An analyst from Morgan Stanley maintains an Overweight rating, targeting $322.
- BMO Capital keeps an Outperform rating at a target of $310.
- Macquarie also holds an Outperform rating, with a price target of $300.
- Baird continues to rate Visa as Outperform with a target of $330.
- Oppenheimer has revised their rating to Outperform with a price target of $318.
Engaging in options trading involves considerable risks, but it can also lead to substantial rewards. Experienced traders often mitigate these risks through continued education, strategic adjustments, and by staying vigilant regarding market dynamics. For the latest real-time alerts on Visa options trades, it's beneficial to remain informed on developments.
Visa, Options, Traders