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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $354,163 and 3, calls, for a total amount of $136,632.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $35.0 for Match Group during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Match Group's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Match Group's whale trades within a strike price range from $32.5 to $35.0 in the last 30 days.
Match Group Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MTCH | PUT | SWEEP | BEARISH | 02/16/24 | $32.50 | $67.4K | 509 | 355 |
| MTCH | CALL | SWEEP | BULLISH | 02/16/24 | $35.00 | $65.8K | 4.5K | 77 |
| MTCH | CALL | SWEEP | BULLISH | 12/15/23 | $32.50 | $40.5K | 3.9K | 1.7K |
| MTCH | PUT | SWEEP | BEARISH | 02/16/24 | $32.50 | $38.4K | 509 | 3.3K |
| MTCH | PUT | SWEEP | BEARISH | 02/16/24 | $32.50 | $37.2K | 509 | 2.5K |
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.
Current Position of Match Group
- With a trading volume of 4,274,908, the price of MTCH is up by 0.69%, reaching $32.24.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 48 days from now.
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.
© 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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