Options Traders Eye Visa Stock on X Partnership
Group 1 - Visa Inc is partnering with social media platform X (formerly Twitter) to launch a digital wallet and other products, aligning with CEO Elon Musk's vision for a multi-service application [1] - Visa's stock reached a record high of $337.83, reflecting a 26.3% increase over the last six months, and is on track for its fourth gain in five sessions [2] - The 50-day call/put volume ratio for Visa is 2.10, indicating a strong preference for call options among traders over the past 10 weeks [3] Group 2 - Today's options activity shows 59,000 calls and 27,000 puts traded, which is five times the average intraday volume, with the most popular contract being the weekly 1/31 185-strike call [4]