Deep-pocketed investors have adopted a bullish approach towards Mastercard MA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Mastercard. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 7 are puts, totaling $429,401, and 5 are calls, amounting to $620,773.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $370.0 to $440.0 for Mastercard during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $370.0 to $440.0 in the last 30 days.
Mastercard Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MA | CALL | TRADE | BULLISH | 01/19/24 | $415.00 | $247.0K | 944 | 297 |
| MA | PUT | SWEEP | BULLISH | 01/17/25 | $430.00 | $188.5K | 341 | 0 |
| MA | CALL | SWEEP | BULLISH | 01/19/24 | $370.00 | $134.5K | 671 | 10 |
| MA | CALL | TRADE | NEUTRAL | 01/19/24 | $415.00 | $108.6K | 944 | 297 |
| MA | CALL | SWEEP | BULLISH | 01/19/24 | $370.00 | $67.2K | 671 | 55 |
About Mastercard
Mastercard is the second-largest payment processor in the world, having processed close to over $8 trillion in transactions during 2022. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
In light of the recent options history for Mastercard, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Mastercard's Current Market Status
- With a volume of 930,244, the price of MA is up 0.69% at $411.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 64 days.
Professional Analyst Ratings for Mastercard
5 market experts have recently issued ratings for this stock, with a consensus target price of $442.2.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Mastercard with a target price of $452.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Mastercard with a target price of $420.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Mastercard, targeting a price of $439.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Mastercard with a target price of $470.
- An analyst from Keybanc persists with their Overweight rating on Mastercard, maintaining a target price of $430.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Mastercard with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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