Deep-pocketed investors have adopted a bearish 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 11 extraordinary options activities for Mastercard. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 6 are puts, totaling $496,782, and 5 are calls, amounting to $158,055.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $380.0 to $490.0 for Mastercard during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Mastercard options trades today is 802.71 with a total volume of 677.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Mastercard's big money trades within a strike price range of $380.0 to $490.0 over the last 30 days.
Mastercard Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MA | PUT | SWEEP | BEARISH | 02/16/24 | $410.00 | $209.3K | 22 | 344 |
| MA | PUT | TRADE | BULLISH | 01/17/25 | $490.00 | $69.2K | 22 | 0 |
| MA | PUT | TRADE | BEARISH | 04/19/24 | $435.00 | $63.7K | 206 | 32 |
| MA | PUT | TRADE | BEARISH | 01/19/24 | $425.00 | $53.3K | 295 | 80 |
| MA | PUT | SWEEP | BEARISH | 01/19/24 | $430.00 | $52.5K | 27 | 45 |
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.
Following our analysis of the options activities associated with Mastercard, we pivot to a closer look at the company's own performance.
Present Market Standing of Mastercard
- With a volume of 386,928, the price of MA is up 0.7% at $421.51.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 38 days.
Expert Opinions on Mastercard
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $483.3333333333333.
- An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $475.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Mastercard with a target price of $480.
- An analyst from Tigress Financial persists with their Strong Buy rating on Mastercard, maintaining a target price of $495.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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