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What Are Whales Doing With Mastercard

Author: Benzinga Insights | September 28, 2022 11:42am

A whale with a lot of money to spend has taken a noticeably bullish stance on Mastercard.

Looking at options history for Mastercard (NYSE:MA) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $877,245 and 4, calls, for a total amount of $343,291.

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 $240.0 to $345.0 for Mastercard over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $240.0 to $345.0 in the last 30 days.

Mastercard Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MA PUT TRADE BULLISH 01/19/24 $270.00 $480.0K 1.1K 150
MA PUT TRADE BULLISH 01/20/23 $240.00 $290.0K 1.6K 401
MA CALL SWEEP BEARISH 10/21/22 $292.50 $148.0K 113 0
MA CALL TRADE NEUTRAL 03/17/23 $260.00 $88.4K 1 0
MA CALL SWEEP BULLISH 11/18/22 $345.00 $81.6K 1.0K 629

Where Is Mastercard Standing Right Now?

  • With a volume of 1,684,803, the price of MA is down -0.17% at $285.99.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 29 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Mastercard, Benzinga Pro gives you real-time options trades alerts.

Posted In: MA

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