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Tinder Parent is a Value Stock

by OptionsGal
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Barclays upgrades MTCH to ‘Overweight’

Barclays upgrade Match Group Inc. (NASDAQ:MTCH) This morning, we noted the transition from “same weight” to “overweight” and Tinder’s parent company’s successful transition to value stocks.

A bull market has helped MTCH ahead of the opening of the session, with the stock last trading at $36.30, up 4.3%. The stock is down 16.1% in 2023, hovering near its lowest level since early 2018. The 160-day moving average for equities has capped its late-January rally.

Pessimism can also be unraveled in the option pit. On the International Stock Exchange (ISE), Cboe Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX), MTCH’s 10-day put/call volume ratio is 0.99, ranking in the 83rd percentile of the annual range. Reflecting this, Shafer’s Put/Call Open Interest Ratio (SOIR) of 1.18 for equities is above the annual measurement of 91%.

Now might be a good time to consider your options. The 54% Shafer Volatility Index (VIX) for Match stocks is up 20% from last month’s reading. This shows that the options trader is setting relatively low volatility expectations, which is a boon for his buyers of premiums.

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