Deep-pocketed investors have adopted a bearish approach towards AppLovin APP, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 2 are puts, totaling $120,030, and 10 are calls, amounting to $891,225.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $52.5 to $105.0 for AppLovin during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AppLovin's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AppLovin's significant trades, within a strike price range of $52.5 to $105.0, over the past month.
AppLovin 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | SWEEP | NEUTRAL | 11/15/24 | $9.0 | $8.9 | $8.9 | $95.00 | $158.4K | 13 | 193 |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $4.9 | $4.8 | $4.9 | $80.00 | $123.0K | 887 | 253 |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $5.5 | $5.3 | $5.3 | $80.00 | $109.7K | 887 | 793 |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $5.4 | $5.2 | $5.2 | $80.00 | $107.1K | 887 | 897 |
| APP | CALL | SWEEP | BEARISH | 05/17/24 | $5.3 | $5.1 | $5.1 | $80.00 | $107.1K | 887 | 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.
Current Position of AppLovin
- With a trading volume of 1,471,855, the price of APP is up by 0.44%, reaching $73.18.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 34 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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