Visa Stock Sees $1.87M in Unusual Call Activity as Bulls Target $310 and $250 Strikes

May 7, 2026

By TrendSpider Editor

Visa Stock Sees $1.87M in Unusual Call Activity as Bulls Target $310 and $250 Strikes

Visa Inc. flagged two unusual call contracts on Thursday totaling $1,869,904 in combined premium, with the dominant trade being a 500-contract ITM call at the $310 strike expiring January 15, 2027, carrying $1,825,000 in premium. Shares of V are trading at $322.56, up 1.18% on the session, and both flagged contracts are in-the-money relative to the current price. The stock currently sits in the lower half of its 52-week range of $293.89 to $375.50, suggesting meaningful upside if the options buyers are right about directional momentum heading into the back half of 2026.

Key Drivers of the V Stock Move

Main Catalyst: Two unusual call contracts were flagged on Visa today with a combined $1,869,904 in total premium. The larger trade, a January 2027 $310 call with 500 contracts, saw open interest rise by 55% on the session, while a smaller June 2026 $250 call with just 6 contracts saw a dramatic 1,000% open interest spike, signaling fresh positioning in both near-term and longer-dated contracts.
Bull Case: Both contracts are in-the-money with V at $322.56, meaning buyers are not speculating on a far-out-of-the-money move. The $1,825,000 premium on the January 2027 $310 call reflects a meaningful, high-conviction bet with over seven months of runway. The 1,000% open interest surge on the June $250 call, while small in size, is an unusually aggressive percentage move suggesting a new position was initiated from near zero open interest.
Bear Case: With V trading at $322.56 and the 52-week high sitting at $375.50, the stock has roughly 16% of potential upside before reaching new highs. The relatively modest size of the June $250 call (6 contracts, $44,904 in premium) limits its significance, and the broader options flow is not accompanied by any put activity, which could mean traders are hedging existing long equity positions rather than making directional bets.

The forward setup for Visa is worth watching carefully. The January 2027 $310 call buyer, who committed $1,825,000 to an already ITM strike, has structured a position that profits if V remains above $310 through early next year, a level the stock is already well clear of today. With V up 1.18% on Thursday and trading at $322.56, the positioning suggests at least one large participant expects the stock to hold current levels or move meaningfully higher over the coming months. Visa operates in a broadly resilient payments environment, and any continued consumer spending strength or expansion in international volume could provide the fundamental catalyst these options buyers may be anticipating heading into the second half of 2026.

V Unusual Options Activity

Contract 1: Call | Strike: $250 | Expiry: June 12, 2026 | Volume: 6 | Open Interest Change: 1,000% | Status: ITM
Contract 2: Call | Strike: $310 | Expiry: January 15, 2027 | Volume: 500 | Open Interest Change: 55% | Status: ITM

Total unusual contracts flagged: 2. Total combined premium: $1,869,904. There was no put activity reported in today's unusual options scan, making the directional lean entirely bullish across both flagged contracts.

V Seasonality

Visa has historically performed well heading into summer months, driven by seasonal upticks in travel-related card spending that tend to boost payment volumes. With the June 2026 call expiring in approximately five weeks, the buyer may be positioning for a near-term lift tied to this seasonal dynamic.

V Relative Performance

V is up 1.18% on Thursday at $322.56, a constructive session for the stock as it trades roughly 7.6% above its 52-week low of $293.89. However, it remains approximately 14% below its 52-week high of $375.50, leaving a notable gap for bulls to close before the stock reclaims peak territory established over the past year.