This Is What Whales Are Betting On Visa
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Visa (NYSE:V), with 64% of the spotted trades being bearish and 35% bullish. The total amount for puts is $1,409,894 and for calls is $394,988. Whales have been targeting a price range from $195.0 to $270.0 for Visa over the last 3 months. The price of Visa is up 0.72% at $238.16, and RSI indicators suggest the stock may be overbought. Visa's next earnings are expected in 15 days.
July 10, 2023 | 8:17 pm
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A whale investor has taken a bearish stance on Visa, indicating potential downward pressure on the stock. The stock is currently up 0.72% at $238.16, but RSI indicators suggest it may be overbought.
The bearish stance taken by a whale investor, who has significant influence due to the large amount of capital they control, could put downward pressure on Visa's stock. This is further supported by the fact that 64% of the spotted trades are bearish. Additionally, RSI indicators suggest the stock may be overbought, which often precedes a price correction.
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