Benzinga | Dec 28, 2021 10:48AM EST

What Are Whales Doing With Mastercard

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 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $276,565 and 7, calls, for a total amount of $426,688.

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 $280.0 to $420.0 for Mastercard over the last 3 months.

Volume & Open Interest Development

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 $280.0 to $420.0 in the last 30 days.

Mastercard Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestMA CALL TRADE BULLISH 06/17/ $330.00 $218.2K 727 50 22MA PUT SWEEP BULLISH 01/21/ $345.00 $113.4K 1.8K 258 22MA PUT SWEEP BULLISH 01/21/ $360.00 $54.0K 3.1K 267 22MA CALL TRADE BULLISH 01/20/ $420.00 $45.0K 1.3K 80 23MA CALL TRADE NEUTRAL 01/20/ $420.00 $44.8K 1.3K 50 23

Where Is Mastercard Standing Right Now?

* With a volume of 325,381, the price of MA is up 0.99% at $363.86.

* RSI indicators hint that the underlying stock may be overbought.

* Next earnings are expected to be released in 30 days.

What The Experts Say On Mastercard:

* Wedbush has decided to maintain their Outperform rating on Mastercard, which currently sits at a price target of $380.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.