Put Options on MTCH on 3/7/2022

Match Group, Inc. (MTCH) provides dating products worldwide. broken support

The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. Shares have broken below the $100 support level. We expect shares to continue to move lower.

We will be trading March 18th Put Options

Last Trade: $96.59

Trading Range: $95.74 - $182.00

 

Trade

  • Buy 1 March $97.00 Put at $4.85
  • For a net debit of $4.85

Profit/Loss Analysis

  • Breakeven at $92.15
  • Maximum profit is unbounded
  • Maximum loss is ($485.00) at strike of $97.00

Closing Summary

  • Sold 1 March $97.00 Put at $0.00

Position closed on 3/18/2022 at price of $0.00 with a -100.00% loss in 11 days.

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