Deep-pocketed investors have adopted a bullish approach towards Match Group MTCH, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MTCH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Match Group. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $483,545, and 6 are calls, amounting to $292,219.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $50.0 for Match Group over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Match Group stands at 3712.5, with a total volume reaching 16,293.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Match Group, situated within the strike price corridor from $30.0 to $50.0, throughout the last 30 days.
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 | PUT | TRADE | BULLISH | 05/10/24 | $0.4 | $0.32 | $0.32 | $30.00 | $411.2K | 8.4K | 12.8K |
| MTCH | CALL | SWEEP | BEARISH | 09/20/24 | $7.3 | $7.2 | $7.2 | $30.00 | $132.4K | 310 | 185 |
| MTCH | PUT | SWEEP | BULLISH | 01/17/25 | $4.55 | $4.5 | $4.55 | $35.00 | $72.3K | 3.1K | 159 |
| MTCH | CALL | SWEEP | BULLISH | 04/05/24 | $0.76 | $0.73 | $0.76 | $34.50 | $38.0K | 1.6K | 1.0K |
| MTCH | CALL | SWEEP | BEARISH | 04/05/24 | $0.56 | $0.55 | $0.55 | $35.00 | $35.5K | 2.0K | 1.1K |
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%).
Having examined the options trading patterns of Match Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Match Group Standing Right Now?
- With a volume of 1,195,357, the price of MTCH is up 0.59% at $35.98.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 26 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Match Group with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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