Financial giants have made a conspicuous bullish move on Match Group. Our analysis of options history for Match Group MTCH revealed 14 unusual trades.
Delving into the details, we found 71% of traders were bullish, while 21% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $482,513, and 2 were calls, valued at $58,620.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $37.5 for Match Group, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $25.0 to $37.5 in the last 30 days.
Match Group Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MTCH | PUT | SWEEP | BULLISH | 05/17/24 | $0.7 | $0.6 | $0.6 | $27.50 | $59.9K | 4.3K | 31 |
| MTCH | PUT | SWEEP | BULLISH | 06/21/24 | $1.51 | $1.46 | $1.47 | $30.00 | $56.8K | 1.6K | 59 |
| MTCH | PUT | SWEEP | BEARISH | 05/17/24 | $5.15 | $4.85 | $5.1 | $35.00 | $48.9K | 1.5K | 192 |
| MTCH | PUT | TRADE | BULLISH | 01/16/26 | $5.6 | $5.55 | $5.55 | $30.00 | $48.8K | 931 | 178 |
| MTCH | PUT | SWEEP | BULLISH | 06/21/24 | $6.05 | $5.95 | $5.95 | $35.00 | $44.0K | 2.6K | 121 |
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.
Present Market Standing of Match Group
- With a trading volume of 12,854,740, the price of MTCH is down by -4.9%, reaching $29.96.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 83 days from now.
What The Experts Say On Match Group
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $46.0.
- An analyst from Keybanc persists with their Overweight rating on Match Group, maintaining a target price of $46.
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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