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Benzinga
Benzinga
Business
Craig Jones

Payments Stocks Spike, This One May Have More Runway Left

Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE:MA) and PayPal Holdings Inc (NASDAQ:PYPL) rising more than 4% each, Visa Inc (NYSE:V) gaining over 3% and Block Inc (NYSE:SQ) adding more than 6%.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that there were bullish bets on all four of these stocks, but the largest were in Visa. The stock traded more than 2 times its average daily options volumes on Tuesday, with calls outpacing puts, he added.

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