2 Analysts Wax Optimistic on Surging Dow Name

Options traders were call-heavy heading into today

Managing Editor
Feb 3, 2020 at 10:09 AM
facebook X logo linkedin

Credit card name Visa Inc (NYSE:V) is up 1.1% at $201.25 this morning, rising on the heels of  two bull notes. Specifically, Guggenheim and Keybanc both lifted their price targets to $222 and $215, respectively. V has had an outstanding year on the charts, surging more than 44% over the past 12 months alone. Emerging as support late last year was the 120-day moving average, while early this year a floor of support has been seen at the equity's $200 mark. 

Heading into today, all but two of the 23 covering analysts sport a "buy" or "strong buy" recommendation on V, with not a single "sell" in place. Even further, the stock's consensus 12-month price target of $225.56 comes in 13% above current trading levels.

It comes with little surprise that optimism is evident in the options pits as well. Specifically, Visa stock's 10-day call/put volume ratio of 2.56 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits in the 94th annual percentile too, indicating a much bigger appetite for long calls of late. 

This is echoed in the security' Schaeffer's open interest ratio (SOIR) of 0.66, which sits in the 4th percentile of its annual range. This means short-term options players have been picking up calls at a much quicker-than-usual clip. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI