Visa (V) Options Signal $350 Bullish Battle: How to Trade the Implied Breakout with $350 Calls and $332.5 Puts

• Visa’s options market shows heavy call open interest at $350 and $365, while puts dominate at $332.5 and $337.5, signaling a critical price battleground.
• Technical indicators (RSI at 41.55, MACD -2.1) suggest oversold conditions and a potential rebound, but Bollinger Bands and moving averages hint at a long-term rangebound scenario.
• A $750-block trade in the $350 call (V20251017C350) suggests institutional positioning for a near-term breakout.

Visa’s stock is perched at a pivotal juncture, with options market positioning and technical indicators converging on a key $350 price level. The current price of $338.62 has surged 1.1% from the previous close, but the broader trend remains bearish in the short term. However, the options data and recent news flow suggest a high-probability scenario for a breakout above $350—or a sharp pullback to test the $333 support level. Traders must act decisively to capitalize on this volatility.

The $350 Call Wall and $332.5 Put Floor: A Battle for Control

The options chain reveals a stark imbalance: 1,371 open interest in the $350 call (expiring this Friday) and 1,864 in the $332.5 put, the largest put OI at any strike. This distribution indicates a tug-of-war between bulls and bears. The $350 call is the most heavily bet strike for a near-term rally, while the $332.5 put acts as a psychological floor. The put/call ratio of 0.82 (favoring calls) further reinforces the market’s bias for a rebound.

The $350 call’s open interest is amplified by a $750-block trade (V20251017C350) with a $321,000 turnover. This suggests a whale is hedging or initiating a large position for a potential breakout. Meanwhile, the $365 call (968 OI) and $337.5 put (1,128 OI) serve as secondary targets for volatility. Traders should monitor the $350 strike for a liquidity trap—if the stock breaks above it, the call wall could trigger a self-fulfilling rally. Conversely, a close below $333 (lower Bollinger Band) would validate the put floor, but the 30D support at $349.76 adds complexity.

News Flow: Crypto Partnerships vs. Stablecoin Regulatory Risks

Visa’s recent news is a mixed bag. The Bitcoin Rewards Credit Card with Fold and the EURC stablecoin partnership with Wirex highlight its aggressive crypto expansion, which should buoy long-term sentiment. However, headlines about stablecoin regulatory fears and the “worst performer in the S&P 500” narrative introduce near-term headwinds. The $321 million in Q1 2025 revenue and 9% growth in cross-border transactions are positives, but the market is pricing in uncertainty around stablecoin compliance. This duality explains the options market’s cautious optimism: bulls are betting on the crypto-driven rebound, while bears hedge against regulatory overreach.

Actionable Trade Ideas: Calls for Breakouts, Puts for Protection

For options traders, the $350 call (V20251017C350) expiring this Friday is a high-conviction play. With 1,371 OI and the block trade, this strike represents a liquidity magnet. If Visa closes above $350, the call could see a 20–30% pop. For a longer-term bet, the $350 call (V20251024C350) with 451 OI offers leverage if the stock consolidates before breaking out.

On the downside, the $332.5 put (V20251017P332.5) is a defensive play. With 1,864 OI, it’s the most liquid put at a strike just below the lower Bollinger Band. A close below $333 would validate this put as a hedge. For a balanced approach, consider a $350 call + $332.5 put vertical spread to cap risk while capturing directional moves.

Stock traders should consider entry near $336.23 (intraday low) if the $333 support holds. A breakout above $343.29 (middle Bollinger Band) would target $349.76 (30D support) and $350. A failure to hold $333 would justify a short-term bearish play toward $325 (next put OI cluster). Use the 200D MA at $342.02 as a dynamic pivot point.

Volatility on the Horizon: Positioning for Visa’s $350+ Breakout or $330 Rebound

The coming days will test Visa’s resolve. The $350 call wall and $332.5 put floor create a high-stakes scenario. If the stock breaks above $350, the 30D MA at $344.30 and 100D MA at $350.82 could accelerate the move. Conversely, a breakdown below $333 would force a reevaluation of the long-term rangebound thesis. Traders should prioritize liquidity and time decay: the Friday expirations offer urgency, while next Friday’s options provide flexibility for a slower move. In either case, Visa’s crypto-driven innovation and stablecoin integration suggest the stock is poised for a directional move—up or down—before the end of the quarter.