AppLovin Unusual Options Activity

Deep-pocketed investors have adopted a bullish 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 75% leaning bullish and 16% bearish. Among these notable options, 4 are puts, totaling $126,110, and 8 are calls, amounting to $558,222.

Latest Startup Investment Opportunities:

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $85.0 for AppLovin, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $25.0 to $85.0 in the last 30 days.

AppLovin Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
APP CALL SWEEP BULLISH 06/21/24 $5.4 $5.2 $5.4 $72.50 $270.0K 891 0
APP CALL TRADE BULLISH 07/18/25 $22.9 $21.1 $22.2 $60.00 $75.4K 7 34
APP PUT SWEEP BEARISH 07/19/24 $14.0 $13.9 $14.0 $77.50 $44.8K 26 0
APP CALL TRADE BEARISH 01/17/25 $13.5 $13.2 $13.3 $75.00 $41.2K 116 62
APP CALL TRADE BULLISH 01/17/25 $13.3 $13.2 $13.3 $75.00 $41.2K 116 31

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.

AppLovin's Current Market Status

  • With a trading volume of 3,966,686, the price of APP is down by -0.55%, reaching $69.32.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 13 days from now.

Expert Opinions on AppLovin

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $81.8.

  • Reflecting concerns, an analyst from Daiwa Capital lowers its rating to Neutral with a new price target of $80.
  • Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on AppLovin with a target price of $70.
  • Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for AppLovin, targeting a price of $87.
  • An analyst from BTIG persists with their Buy rating on AppLovin, maintaining a target price of $87.
  • An analyst from Oppenheimer persists with their Outperform rating on AppLovin, maintaining a target price of $85.

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.

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Momentum
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51.24
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Value
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