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 9 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 55% leaning bullish and 44% bearish. Among these notable options, 2 are puts, totaling $96,188, and 7 are calls, amounting to $286,796.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $33.0 to $40.0 for Match Group during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Match Group options trades today is 3708.0 with a total volume of 14,452.00.
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 $33.0 to $40.0 over the last 30 days.
Match Group Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MTCH | CALL | SWEEP | BULLISH | 01/16/26 | $5.75 | $4.65 | $5.75 | $35.00 | $74.7K | 386 | 151 |
| MTCH | PUT | SWEEP | BEARISH | 12/20/24 | $2.19 | $2.18 | $2.18 | $35.50 | $69.7K | 1 | 533 |
| MTCH | CALL | SWEEP | BULLISH | 01/17/25 | $0.32 | $0.27 | $0.32 | $40.00 | $48.0K | 18.7K | 2.6K |
| MTCH | CALL | SWEEP | BEARISH | 12/20/24 | $2.49 | $2.08 | $2.18 | $33.00 | $37.7K | 1.2K | 524 |
| MTCH | CALL | SWEEP | BEARISH | 12/13/24 | $1.65 | $1.5 | $1.5 | $33.50 | $37.2K | 1.5K | 522 |
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.
Where Is Match Group Standing Right Now?
- Currently trading with a volume of 2,548,371, the MTCH's price is up by 2.46%, now at $33.74.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 50 days.
Expert Opinions on Match Group
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $37.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Keybanc persists with their Overweight rating on Match Group, maintaining a target price of $43. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $35. * An analyst from Morgan Stanley persists with their Equal-Weight rating on Match Group, maintaining a target price of $33.
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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