Visa Unusual Options Activity For August 17
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Visa (NYSE:V), with a bearish stance being taken by a 'whale' investor. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The total amount for puts was $622,658 and for calls was $364,320. The price range targeted by whales over the last 3 months is from $210.0 to $290.0. Visa's current price is $237.26, down by 0.85%. Several financial institutions have maintained their positive ratings on Visa, with price targets ranging from $270 to $290.
August 17, 2023 | 7:45 pm
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Unusual options activity detected for Visa, with a bearish stance taken by a 'whale'. The price range targeted by whales over the last 3 months is from $210.0 to $290.0.
The bearish stance taken by a 'whale' investor and the unusual options activity could potentially lead to a short-term decrease in Visa's stock price. However, the positive ratings and price targets given by several financial institutions suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100