Benzinga | Dec 21, 2021 11:53AM EST

Visa Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Visa (NYSE:V).

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 this whale just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Visa.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $94,270, and 10 are calls, for a total amount of $764,062.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $207.5 to $230.0 for Visa over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Visa's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Visa's whale trades within a strike price range from $207.5 to $230.0 in 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 TRADE BULLISH 01/19/ $210.00 $181.4K 966 102 24V CALL TRADE BULLISH 01/19/ $210.00 $181.4K 966 52 24V CALL SWEEP BULLISH 02/18/ $210.00 $88.8K 1.6K 105 22V CALL TRADE BULLISH 01/20/ $230.00 $83.0K 4.2K 51 23V CALL SWEEP BULLISH 12/31/ $215.00 $55.8K 2.7K 315 21

Where Is Visa Standing Right Now?

* With a volume of 2,028,476, the price of V is up 2.25% at $213.44.

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

* Next earnings are expected to be released in 37 days.

What The Experts Say On Visa:

* Wedbush has decided to maintain their Outperform rating on Visa, which currently sits at a price target of $240.

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.