Visa Inc put volume heavy and directionally bearish

Bearish flow noted in Visa (V) Inc with 8,600 puts trading, or 3x expected. Most active are 3/7 weekly 340 puts and 3/7 weekly 350 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 3.85, while ATM IV is up nearly 3 points on the day. Earnings are expected on April 29th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue