Whales with a lot of money to spend have taken a noticeably bearish stance on AppLovin.
Looking at options history for AppLovin APP we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $836,015 and 14, calls, for a total amount of $3,135,650.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $70.0 for AppLovin, spanning the last three months.
Volume & Open Interest Trends
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 $30.0 to $70.0 in the last 30 days.
AppLovin 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APP | CALL | TRADE | BULLISH | 05/17/24 | $70.00 | $1.0M | 7.4K | 1.6K |
| APP | CALL | TRADE | BEARISH | 05/17/24 | $70.00 | $735.0K | 7.4K | 5.3K |
| APP | CALL | SWEEP | NEUTRAL | 05/17/24 | $70.00 | $732.3K | 7.4K | 8 |
| APP | PUT | TRADE | BULLISH | 07/18/25 | $45.00 | $702.0K | 16 | 1.2K |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $70.00 | $122.8K | 7.4K | 1.3K |
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.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AppLovin's Current Market Status
- Trading volume stands at 2,360,302, with APP's price down by -1.61%, positioned at $67.05.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 50 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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