DailyPlay – Match Group Inc (MTCH) – April 1, 2022

View MTCH Trade

Strategy Details

Strategy: Put Debit Spread

Strategy Direction: Bearish

Details: Buy to Open MTCH May 20, 2022 $95/$105 Put Vertical @ $3.15 Debit

Counter Trend Signal: This is a bearish strategy on a stock or ETF that is experiencing a bullish 1M trend. 

1M/6M Trends: Bullish/Neutral

Technical Score: 3/10

OptionsPlay Score: 129

Entering the Trade

Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade.

Investment Rationale

MTCH hit its downward sloping cloud bottom yesterday; is against its TDST Line; is against its Propulsion Exhaustion level; has a daily Setup +9 count; and has its Lagging Line just beneath both its Base and Conversion Lines. We put that all together to look for a pullback targeting the bearish Propulsion Momentum level at $97.55.