Mastercard's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), as evidenced by unusual options trading activity. Benzinga's options scanner revealed 12 notable trades, with a sentiment split of 41% bullish and 58% bearish. The trades suggest an expected price window for Mastercard between $460.0 and $485.0. Currently, Mastercard's stock is slightly down at $460.01, with an anticipated earnings release in 13 days. Analysts have given Mastercard ratings with an average target price of $530.0.
April 18, 2024 | 2:16 pm
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NEUTRAL IMPACT
Mastercard has seen unusual options activity indicating a bearish sentiment among investors, despite analysts' bullish target prices. The stock is currently trading at $460.01, with an earnings release expected soon.
The bearish options activity could indicate insider knowledge or speculation on upcoming negative news, potentially impacting the stock price. However, the bullish analyst ratings and the close proximity to the earnings release add uncertainty, making the short-term impact neutral.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100