Investors with a lot of money to spend have taken a bearish stance on Mastercard MA.
And retail traders should know.
We noticed this today when the trades 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.
Today, Benzinga's options scanner spotted 23 options trades for Mastercard.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 34%, bearish.
Out of all of the options we uncovered, 22 are puts, for a total amount of $1,448,812, and there was 1 call, for a total amount of $29,160.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $480.0 to $500.0 for Mastercard over the last 3 months.
Volume & Open Interest Trends
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 $480.0 to $500.0 in the last 30 days.
Mastercard Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MA | PUT | SWEEP | BEARISH | 11/15/24 | $21.1 | $20.6 | $20.95 | $485.00 | $138.2K | 135 | 417 |
| MA | PUT | SWEEP | BULLISH | 11/15/24 | $28.85 | $27.6 | $27.6 | $500.00 | $85.3K | 92 | 31 |
| MA | PUT | SWEEP | NEUTRAL | 11/15/24 | $19.25 | $18.75 | $19.0 | $485.00 | $84.7K | 135 | 75 |
| MA | PUT | TRADE | BULLISH | 11/15/24 | $28.45 | $27.5 | $27.69 | $500.00 | $83.0K | 92 | 63 |
| MA | PUT | TRADE | BULLISH | 11/15/24 | $19.15 | $17.8 | $17.8 | $485.00 | $78.3K | 135 | 119 |
About Mastercard
Mastercard is the second-largest payment processor in the world, having processed close to over $9 trillion in volume during 2023. 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 trading volume of 1,573,254, the price of MA is down by -1.25%, reaching $477.12.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 49 days from now.
Expert Opinions on Mastercard
In the last month, 3 experts released ratings on this stock with an average target price of $538.3333333333334.
- An analyst from Compass Point downgraded its action to Neutral with a price target of $525.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Mastercard, targeting a price of $520.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Mastercard with a target price of $570.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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