8:00am (EST)
We have an update on VIAV, KEY, MTCH as all are above, or remain above, our profiled entry levels. Given the ongoing volatility of the current market and with February officially here, we want to continue to protect profits.
Alert Updates!
Viavi Solutions (VIAV, $25.88, up $0.29)
Option: VIAV February 24 calls
Expiration Date: February 20th, 2026
Entry Option Price: $0.35 (1/27/2026)
Current Option Price: $2.40 (closed half on 1/28 at $0.70)
Exit Target: $3
Return: 343%
Stop Target: $1.40, raise to $1.90 (Stop Limit)
Action: Raise the Stop Limit at $1.40 to $1.90 to further protect profits. If shares fall below $24 and the Stop Limit hasn’t tripped, exit the Alert.
The calls reached a high of $2.54 and we are still trying to get $3. They may not happen as shares appear to be peaking. If stopped out, we can look to reenter at fresh support levels.
KeyCorp (KEY, $22.34, up $0.34)
Option: KEY March 23 calls
Expiration Date: March 20th, 2026
Entry Option Price: $0.35 (1/22/2026)
Current Option Price: $0.49
Exit Target: $0.70
Return: 40%
Stop Target: 36 cents (Stop Limit)
Action: Set an initial Stop Limit at 36 cents to start protecting profits and to avoid a loss. We typically wait for the options to get to 100% return before setting Stops. However, if yesterday’s pop was a false breakout, we will be protected and can always reenter.
Match Group (MTCH, $28.90, down $2.64)
Option: MTCH February 27.50 puts
Expiration Date: February 20th, 2026
Entry Option Price: $0.40 (1/13/2026)
Current Option Price: $0.77
Exit Target: $0.80
Return: 93%
Stop Target: 42 cents (Stop Limit)
Action: Set an initial Stop Limit at 42 cents to start protecting profits and to avoid a loss. Shares sank 8% while breaking down out of the symmetrical triangle. This is exactly what we wanted to see on a technical basis.
If shares rebound on Wednesday, and clear $30.50, exit the Alert, as well, with these puts expiring in 17 days.
