20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on AppLovin (NASDAQ:APP).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with APP, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for AppLovin.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $182,685, and 9 are calls, for a total amount of $441,501.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $85.0 for AppLovin over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for AppLovin's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AppLovin's whale activity within a strike price range from $50.0 to $85.0 in the last 30 days.
AppLovin Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APP | CALL | SWEEP | BEARISH | 07/19/24 | $60.00 | $109.0K | 313 | 78 |
| APP | PUT | SWEEP | BEARISH | 11/15/24 | $75.00 | $88.7K | 0 | 0 |
| APP | CALL | SWEEP | BEARISH | 07/19/24 | $80.00 | $58.5K | 84 | 94 |
| APP | CALL | SWEEP | BEARISH | 06/21/24 | $62.50 | $57.1K | 102 | 1 |
| APP | PUT | SWEEP | BEARISH | 03/28/24 | $75.00 | $48.9K | 20 | 100 |
About AppLovin
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
Following our analysis of the options activities associated with AppLovin, we pivot to a closer look at the company's own performance.
Where Is AppLovin Standing Right Now?
- Trading volume stands at 899,222, with APP's price up by 0.01%, positioned at $71.92.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 47 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AppLovin with Benzinga Pro for real-time alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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