27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on Match Group (NASDAQ:MTCH).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MTCH, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Match Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $71,995, and 7 are calls, for a total amount of $311,977.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $37.5 for Match Group over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Match Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Match Group's significant trades, within a strike price range of $35.0 to $37.5, over the past month.
Match Group Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MTCH | CALL | SWEEP | BEARISH | 01/17/25 | $5.0 | $4.85 | $4.85 | $35.00 | $55.3K | 10.4K | 0 |
| MTCH | CALL | SWEEP | BULLISH | 06/21/24 | $1.71 | $1.69 | $1.71 | $35.00 | $54.2K | 3.1K | 931 |
| MTCH | CALL | TRADE | BULLISH | 06/21/24 | $1.79 | $1.78 | $1.79 | $35.00 | $46.3K | 3.1K | 212 |
| MTCH | PUT | TRADE | BULLISH | 01/17/25 | $5.4 | $5.25 | $5.25 | $35.00 | $43.5K | 3.0K | 83 |
| MTCH | CALL | TRADE | BULLISH | 06/21/24 | $1.73 | $1.5 | $1.71 | $35.00 | $40.0K | 3.1K | 1.2K |
About Match Group
Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Hinge, BLK, Chispa, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).
Following our analysis of the options activities associated with Match Group, we pivot to a closer look at the company's own performance.
Present Market Standing of Match Group
- With a volume of 5,345,445, the price of MTCH is down -3.34% at $32.68.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 25 days.
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 want to stay updated on the latest options trades for Match Group, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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