Hypothesis: Bullish on $MTCH. Current bearish outlook from all time high is irrational. FB's announcement is inconsequential to $MTCH fundamentals, but may affect long-term outlook. Upcoming $MTCH earnings on 08/07 will restore stock price to $40+.
Caveats: FB could harm $MTCH by making another dating announcement near earnings. $MTCH's longterm outlook may be start trending negative.
Position: Several $MTCH calls ATM for expiring next month. Avoiding weeklies until next week since they're currently (IMO) competitively priced with longer expiries.
Submitted August 03, 2018 at 11:10AM by TheAdventMaster https://ift.tt/2LZ5yeh
