This Is What Whales Are Betting On Mastercard

This Is What Whales Are Betting On Mastercard

Someone with a lot of money to spend has taken a bullish stance on Mastercard MA.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MA, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for Mastercard.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $928,360, and 5 are calls, for a total amount of $152,566.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $390.0 for Mastercard over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Mastercard's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Mastercard's whale trades within a strike price range from $340.0 to $390.0 in the last 30 days.

Mastercard Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MA PUT TRADE NEUTRAL 01/19/24 $340.00 $379.0K 213 111
MA PUT TRADE BULLISH 01/19/24 $380.00 $64.6K 38 11
MA PUT TRADE BEARISH 01/19/24 $380.00 $63.8K 38 22
MA PUT TRADE BULLISH 01/19/24 $380.00 $62.7K 38 33
MA PUT TRADE BULLISH 01/19/24 $380.00 $62.4K 38 57

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MA PUT TRADE NEUTRAL 01/19/24 $340.00 $379.0K 213 111
MA PUT TRADE BULLISH 01/19/24 $380.00 $64.6K 38 11
MA PUT TRADE BEARISH 01/19/24 $380.00 $63.8K 38 22
MA PUT TRADE BULLISH 01/19/24 $380.00 $62.7K 38 33
MA PUT TRADE BULLISH 01/19/24 $380.00 $62.4K 38 57

Where Is Mastercard Standing Right Now?

  • With a volume of 1,046,963, the price of MA is up 1.62% at $354.67.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 85 days.

What The Experts Say On Mastercard:

  • JP Morgan has decided to maintain their Overweight rating on Mastercard, which currently sits at a price target of $425.
  • Susquehanna has decided to maintain their Positive rating on Mastercard, which currently sits at a price target of $400.
  • Wells Fargo has decided to maintain their Overweight rating on Mastercard, which currently sits at a price target of $400.
  • Morgan Stanley has decided to maintain their Overweight rating on Mastercard, which currently sits at a price target of $457.
  • Raymond James has decided to maintain their Outperform rating on Mastercard, which currently sits at a price target of $417.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Mastercard, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets