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 9% leaning bullish and 90% bearish. Among these notable options, 9 are puts, totaling $525,608, and 2 are calls, amounting to $63,800.
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 $475.0 to $500.0 for Mastercard during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Mastercard stands at 152.0, with a total volume reaching 1,455.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Mastercard, situated within the strike price corridor from $475.0 to $500.0, throughout the last 30 days.
Mastercard Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MA | PUT | TRADE | BULLISH | 06/21/24 | $480.00 | $70.0K | 73 | 309 |
| MA | PUT | SWEEP | BEARISH | 06/21/24 | $480.00 | $69.9K | 73 | 379 |
| MA | PUT | TRADE | NEUTRAL | 06/21/24 | $480.00 | $69.9K | 73 | 309 |
| MA | PUT | TRADE | BEARISH | 06/21/24 | $480.00 | $62.1K | 73 | 66 |
| MA | PUT | SWEEP | BEARISH | 06/21/24 | $480.00 | $62.1K | 73 | 112 |
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.
Present Market Standing of Mastercard
- Trading volume stands at 182,628, with MA's price down by -0.03%, positioned at $476.5.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 52 days.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
