Looking At Visa's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Visa (NYSE:V), with 75% of the detected trades being bearish. The trades include 4 puts amounting to $773,700 and 12 calls amounting to $528,233. The targeted price range for Visa over the last 3 months has been $210.0 to $270.0. The current price of Visa is down by 1.3% at $240.83.
July 18, 2023 | 5:45 pm
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Bearish stance on Visa with majority of trades being bearish. Targeted price range for Visa over the last 3 months is $210.0 to $270.0.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, indicates a potential downward pressure on Visa's stock price in the short term. The targeted price range also suggests that the investor expects the price to fluctuate within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100