Mastercard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Mastercard (NYSE:MA) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $360.0 to $410.0 for Mastercard over the last 3 months. The price of MA is currently up 1.51% at $385.96. Susquehanna has downgraded its action to Positive with a price target of $433.
June 29, 2023 | 2:37 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Mastercard. The sentiment among big-money traders is 80% bearish and 20% bullish.
The unusual options activity and the bearish sentiment among big-money traders suggest that there may be a negative impact on Mastercard's stock price in the short term. The fact that the price of MA is currently up and that Susquehanna has downgraded its action to Positive with a price target of $433 adds to the complexity of the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100