Whales with a lot of money to spend have taken a noticeably bearish stance on Match Group.
Looking at options history for Match Group MTCH we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $247,997 and 7, calls, for a total amount of $270,900.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $40.0 for Match Group over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Match Group options trades today is 5188.33 with a total volume of 5,519.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Match Group's big money trades within a strike price range of $25.0 to $40.0 over the last 30 days.
Match Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MTCH | PUT | SWEEP | BEARISH | 06/21/24 | $25.00 | $110.6K | 164 | 588 |
| MTCH | CALL | SWEEP | NEUTRAL | 12/15/23 | $32.50 | $63.6K | 2.6K | 1.0K |
| MTCH | CALL | TRADE | BULLISH | 03/15/24 | $25.00 | $61.6K | 127 | 100 |
| MTCH | PUT | SWEEP | BEARISH | 01/19/24 | $30.00 | $56.5K | 28.1K | 1.4K |
| MTCH | PUT | TRADE | BEARISH | 01/19/24 | $30.00 | $55.0K | 28.1K | 783 |
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.
Match Group's Current Market Status
- With a volume of 3,618,257, the price of MTCH is up 0.37% at $29.95.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 82 days.
What Analysts Are Saying About Match Group
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $48.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Match Group with a target price of $39.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Match Group, targeting a price of $33.
- An analyst from Keybanc has decided to maintain their Overweight rating on Match Group, which currently sits at a price target of $60.
- An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $52.
- An analyst from Keybanc persists with their Overweight rating on Match Group, maintaining a target price of $56.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Match Group options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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