Looking At Visa's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Visa (NYSE:V) shows a predominantly bearish stance by investors, with 90% of detected trades being bearish. The activity includes 52 trades, with a focus on strike prices between $250.0 and $320.0. Notable trades include both bullish and bearish calls with expiration dates ranging from March 15, 2024, to June 21, 2024. Visa, the world's largest payment processor, has seen its stock price slightly increase by 0.28% to $281.34. Analysts from Wells Fargo and Jefferies have set target prices at $325 and $320, respectively, indicating a positive outlook.
March 12, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Visa's recent options activity is heavily bearish, with a significant focus on strike prices between $250 and $320. Despite this, analysts from Wells Fargo and Jefferies maintain positive target prices of $325 and $320, respectively.
The bearish options activity suggests short-term market skepticism about Visa's stock price direction. However, the positive analyst ratings and target prices from reputable firms like Wells Fargo and Jefferies could counterbalance the bearish sentiment, leading to a neutral short-term impact. The company's strong market position as the largest payment processor supports a potentially stable performance.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100