|
Can Match Group (MTCH) Continue to Outperform?
Analysts are keeping a close eye on MTCH, take a look at these two articles to see what they are saying about the stock – Worth taking a quick glance: Match Group, Inc. and Match Group Starting to Look Attractive.
____________ advertisment ______________
[eBook] Simple Options Strategy Turns $5k into $37k
Former Wall Street Insider exposes simple options technique that outperformed the "Ivy League" trade recommendations by 25x...
Download the eBook Here.
______________________________________
Technicals
The main technical appeal to MTCH is its outperformance relative to the overal markets. Note the stock is about 16% higher to the low posted in late November while SPY dropped abruptly to fresh yearly lows in the past week. As well, the stock boasts a 24% gain for the year, despite the decline from September highs. Major support is found at $33.50 and this level held MTCH higher last month. Support is also seen near $39, reflecting the high ahead of the earnings inspired gap up in August. From a technical standpoint, there is a large gap that should be covered by a $48 price at some point (as the earlier upside gap was eventually covered).
*source Tradingview.com
If you agree there's further upside ahead for MTCH, consider this trade which is a bet that the stock will continue to advance over the next four weeks, or at least a little bit.
Buy To Open MTCH 18JAN19 36 Puts (MTCH190118P36)
Sell To Open MTCH 18JAN19 39 Puts (MTCH190118P39) for a credit of $1.10 (selling a vertical)
This price was $0.02 less than the mid-point of the option spread when MTCH was trading near $39. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will only be $2.50 per spread (the rate charged by thinkorswim for Terry’s Tips’ subscribers). Each contract would then yield $107.50 and your broker would charge a $300 maintenance fee, making your investment $192.50 ($300 – $107.50). If MTCH closes at any price above $39 on January 18, both options would expire worthless, and your return on the spread would be 56% (818% annualized).
____________ advertisment ______________
80k retirees do this...
Anyone who's retired or planning to retire in America soon must have this incredible resource.
Learn more...
______________________________________
Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
____________ advertisment ______________
These 3 Weed Tech Stocks Could Be Your Best Way to Play the Cannabis Boom
Investors looking for consistent, double-digit growth from the historic global cannabis boom are now looking to "weed tech." Innovative tech companies - like the 3 detailed in this Special Investor's Report - are true game-changers in the legal cannabis space.
Click Here to Download the FREE Report
______________________________________
Any questions? I would love to hear from you by email (terry@terrystips.com), or if you would like to talk to our guy Seth, give him a jingle at 800-803-4595 and either ask him your question(s) or give him your thoughts. seth@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Seth@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you for our Premium Service package ($119.95 value plus an extra 4 months of our Premium Service, valued at another $190.80). You get $300.65 worth of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
|
