Looking At Mastercard's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), with 68% of the detected trades being bearish and 31% bullish. The total amount for puts is $639,360 and for calls is $104,970. Whales have been targeting a price range from $330.0 to $440.0 for Mastercard over the last 3 months. The current price of MA is down -0.81% at $391.0. Truist Securities and Jefferies have maintained their Buy rating on Mastercard with a price target of $475.
October 06, 2023 | 6:17 pm
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Bearish sentiment detected in Mastercard's options activity. The current price of MA is down -0.81% at $391.0. Truist Securities and Jefferies have maintained their Buy rating on Mastercard with a price target of $475.
The bearish sentiment detected in Mastercard's options activity indicates that a significant number of investors expect the stock price to decrease. This, combined with the current price decrease of -0.81%, could potentially lead to a short-term negative impact on the stock. However, the maintained Buy rating from Truist Securities and Jefferies with a price target of $475 suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100