Benzinga | Oct 1, 2021 12:53PM EDT

Visa's Big Money Trades

Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on Visa.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with V, it often means somebody knows something is about to happen.

So how do we know what the Smart Money just did?

Today, Benzinga's options scanner spotted 5 uncommon options trades for Visa (NYSE:V).

This isn't normal.

The overall sentiment of these big-money traders is split between 40.0% bullish and 60.0%, bearish.

Out of all of the special options we uncovered, there was 1 put, for a total amount of $192,500, and there was 1 call, for a total amount of $202,776.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $205.0 to $232.5 for Visa in the over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the total open interest for Visa big money options trades today is 10,221 with a total volume of 3,923.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Visa's big money trades within a strike price range of $205.0 to $232.5 over the last 30 days.

Visa Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestV CALL SWEEP BULLISH 10/15/ $230.00 $50.7K 6.6K 858 21V CALL SWEEP NEUTRAL 10/15/ $227.50 $74.3K 513 1.3K 21V PUT TRADE NEUTRAL 03/18/ $205.00 $192.5K 1.1K 253 22V CALL SWEEP BULLISH 10/08/ $232.50 $29.2K 1.1K 694 21V CALL SWEEP NEUTRAL 10/15/ $232.50 $48.4K 814 765 21

Where Is Visa Standing Right Now?

* With a volume of 2,852,408, the price of V is up 2.1% over the last 24 hours at $227.42.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 26 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.