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 10 extraordinary options activities for Mastercard. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 5 are puts, totaling $245,742, and 5 are calls, amounting to $179,852.
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 $300.0 to $520.0 for Mastercard over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Mastercard's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Mastercard's substantial trades, within a strike price spectrum from $300.0 to $520.0 over the preceding 30 days.
Mastercard Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MA | PUT | TRADE | BULLISH | 01/17/25 | $410.00 | $120.0K | 475 | 64 |
| MA | CALL | TRADE | NEUTRAL | 01/19/24 | $420.00 | $58.7K | 4.4K | 154 |
| MA | PUT | SWEEP | BEARISH | 01/17/25 | $420.00 | $37.1K | 858 | 20 |
| MA | PUT | SWEEP | BEARISH | 04/19/24 | $445.00 | $36.9K | 1 | 32 |
| MA | CALL | SWEEP | NEUTRAL | 01/19/24 | $420.00 | $32.2K | 4.4K | 107 |
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.
Current Position of Mastercard
- Trading volume stands at 667,644, with MA's price down by -0.04%, positioned at $430.56.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 12 days.
Professional Analyst Ratings for Mastercard
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $482.25.
- An analyst from Keybanc persists with their Overweight rating on Mastercard, maintaining a target price of $475.
- An analyst from Oppenheimer upgraded its action to Outperform with a price target of $510.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Mastercard with a target price of $482.
- An analyst from Mizuho persists with their Buy rating on Mastercard, maintaining a target price of $462.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Mastercard options trades with real-time alerts from Benzinga Pro.
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