Unpacking the Latest Options Trading Trends in Match Group

Investors with a lot of money to spend have taken a bullish stance on Match Group 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 55% bullish and 44%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $71,626, and 7 are calls, for a total amount of $262,475.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $42.5 for Match Group over the recent three months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Match Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Match Group's substantial trades, within a strike price spectrum from $35.0 to $42.5 over the preceding 30 days.

Match Group Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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%).

In light of the recent options history for Match Group, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Match Group Standing Right Now?

• Currently trading with a volume of 873,431, the MTCH's price is up by 0.62%, now at $35.84.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 76 days.

Professional Analyst Ratings for Match Group

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $45.5.

• An analyst from Keybanc has decided to maintain their Overweight rating on Match Group, which currently sits at a price target of $50.
• An analyst from UBS has decided to maintain their Neutral rating on Match Group, which currently sits at a price target of $38.
• Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Match Group with a target price of $39.
• An analyst from JP Morgan has decided to maintain their Overweight rating on Match Group, which currently sits at a price target of $55.

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.