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 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $757,361, and 3 are calls, for a total amount of $211,825.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.5 to $35.0 for Match Group over the recent three months.
Insights into Volume & Open Interest
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 $17.5 to $35.0 in the last 30 days.
Match Group Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MTCH | PUT | TRADE | NEUTRAL | 05/17/24 | $30.00 | $500.0K | 388 | 0 |
| MTCH | PUT | SWEEP | BEARISH | 04/19/24 | $34.00 | $93.0K | 35 | 2.0K |
| MTCH | CALL | SWEEP | BULLISH | 04/05/24 | $34.50 | $83.2K | 20 | 601 |
| MTCH | CALL | TRADE | BULLISH | 01/17/25 | $17.50 | $75.8K | 11 | 0 |
| MTCH | PUT | SWEEP | BULLISH | 06/21/24 | $35.00 | $65.0K | 2.4K | 356 |
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%).
Where Is Match Group Standing Right Now?
- Trading volume stands at 4,215,732, with MTCH's price down by -0.98%, positioned at $35.4.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 36 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.
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