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 15 extraordinary options activities for Mastercard. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 12 are puts, totaling $500,798, and 3 are calls, amounting to $97,700.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $370.0 and $490.0 for Mastercard, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Mastercard options trades today is 358.86 with a total volume of 700.00.
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 $370.0 to $490.0 over the last 30 days.
Mastercard Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MA | PUT | TRADE | BEARISH | 01/17/25 | $490.00 | $54.7K | 0 | 7 |
| MA | PUT | TRADE | BULLISH | 01/19/24 | $415.00 | $50.1K | 556 | 182 |
| MA | PUT | SWEEP | NEUTRAL | 01/19/24 | $420.00 | $49.3K | 242 | 40 |
| MA | PUT | SWEEP | BEARISH | 01/19/24 | $420.00 | $49.2K | 242 | 80 |
| MA | PUT | TRADE | BEARISH | 01/19/24 | $415.00 | $47.7K | 556 | 305 |
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.
Having examined the options trading patterns of Mastercard, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Mastercard
- Currently trading with a volume of 371,915, the MA's price is up by 0.4%, now at $411.46.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 56 days.
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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