Visa (V) Options Signal Bullish Contingency at $350 as Technicals Point to Rebound – Here’s How to Play It

• Visa’s price action shows a -0.38% dip to $328.77, trading below its 30D, 100D, and 200D moving averages.
• Options data reveals heavy call open interest at $350 and $370, while puts dominate at $320 and $270—hinting at a potential short-term rebound.
• A $350 call block trade of 750 contracts ($321K turnover) suggests institutional positioning for a breakout above key resistance.

Here’s the core insight: Visa’s technicals and options data are at odds. While the stock is in a bearish trend with RSI near oversold (27.88) and MACD divergence, the options market is pricing in a bullish contingency. The key question is whether the $327.60 intraday low holds—or if the $350 call wall becomes a catalyst for a rebound. Let’s break it down.

Bullish Contingency: Why $350 Calls Are a Strategic Flashpoint

The options chain tells a story of divided sentiment. For Friday expiration, V20251017C350 (OI: 3,309) and V20251017C370 (OI: 2,263) are the top call strikes, while puts like V20251017P320 (OI: 2,664) and V20251017P270 (OI: 2,141) dominate the downside. This suggests two camps: one betting on a rebound to $350+ and another hedging against a drop to $270–$320.

The put/call ratio of 0.816 (calls > puts) leans bullish in open interest, but the stock’s price action tells a different story. That tension creates an opportunity. If the RSI (currently at 27.88) holds above oversold territory and the 30D MA at $342.65 reclaims relevance, the $350 call wall could act as a magnet. The recent block trade of 750 V20251017C350 contracts ($321K) adds weight—this isn’t retail noise; it’s a whale hedging or speculating on a near-term pop.

News-Driven Context: Silence as a Signal

The lack of recent headlines about Visa is oddly telling. When a stock like V (a payments giant) has no news, the market defaults to technicals and macro forces. The broader S&P 500’s recent volatility and sector rotation into tech could indirectly influence V’s options activity. Investors might be positioning for a sector-wide rebound rather than company-specific catalysts. That means the $350 call wall could be a proxy for broader market sentiment—a bet that the Fed’s rate pause will ease pressure on high-growth stocks.

Actionable Trade Ideas: Calls, Puts, and Precision Entries

For options traders, the most compelling setups are:

• Short-Term Call Play (Friday Expiry): Buy V20251017C340 if Visa breaks above $327.60. The strike is just below the 200D MA ($346.45) and has 2,071 OI. A rebound to $336.29 (200D support/resistance) could trigger a cascade of stop-loss buying.
• Longer-Term Call Play (Next Friday): Buy V20251017C365 if the $340 level holds. This strike has 302 OI and aligns with the 200D MA as a psychological target.
• Bearish Hedge: Buy V20251017P320 if the price drops below $327.60. The put has 2,664 OI and could benefit from a test of the 30D support at $335.84.

For stock traders, consider these levels:

• Entry Near $327.60 (intraday low) if support holds. Target $336.29 (200D support) as a first exit. Stop-loss below $325.
• Aggressive Long Entry at $336.29 if the stock bounces off its 30D/200D convergence. Target $346.45 (200D MA) with a stop at $330.

Volatility on the Horizon: What to Watch

The next 72 hours will be critical. If Visa closes above $336.29, the $350 call wall could ignite a short-covering rally. But if it breaks below $325, the $270 put wall becomes a tail risk. The block trade at $350 adds intrigue—monitor if more whales pile in before Friday’s expiry.

In the end, this is a stock caught between technical exhaustion and options-driven optimism. The RSI’s proximity to oversold and the bearish Kline pattern suggest a rebound is probable, but not guaranteed. Your edge? Positioning at the $340–$350 strikes or the $327.60 support level. Play it like a chess game: control the board with precise entries, and let the options market’s psychology do the rest.