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Investors with a lot of money to spend have taken a bearish stance on Mastercard (NYSE: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.
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.
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.
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 |
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.
In the last month, 3 experts released ratings on this stock with an average target price of $538.3333333333334.
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.
Posted In: MA