Unpacking the Latest Options Trading Trends in AppLovin

Investors with a lot of money to spend have taken a bullish stance on AppLovin APP.

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 15 options trades for AppLovin.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 20%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $43,004, and 14, calls, for a total amount of $698,625.

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 $60.0 and $130.0 for AppLovin, spanning the last three months.

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 $60.0 to $130.0, over the past month.

AppLovin Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
APP CALL SWEEP BEARISH 01/17/25 $9.4 $8.9 $9.2 $110.00 $138.0K 928 0
APP CALL TRADE BULLISH 05/10/24 $5.3 $4.8 $5.2 $82.00 $78.5K 1.8K 5
APP CALL TRADE BULLISH 06/21/24 $28.0 $27.6 $28.0 $60.00 $78.4K 118 0
APP CALL SWEEP BULLISH 07/19/24 $6.5 $6.3 $6.5 $87.50 $65.0K 0 104
APP CALL TRADE BEARISH 01/16/26 $24.8 $24.0 $24.0 $95.00 $48.0K 11 0

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.

In light of the recent options history for AppLovin, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of AppLovin

  • With a trading volume of 2,158,814, the price of APP is up by 1.55%, reaching $86.0.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 89 days from now.

Professional Analyst Ratings for AppLovin

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $97.6.

  • An analyst from BTIG has decided to maintain their Buy rating on AppLovin, which currently sits at a price target of $100.
  • An analyst from Jefferies has decided to maintain their Buy rating on AppLovin, which currently sits at a price target of $105.
  • Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on AppLovin with a target price of $100.
  • An analyst from Stifel persists with their Buy rating on AppLovin, maintaining a target price of $98.
  • An analyst from Stifel persists with their Buy rating on AppLovin, maintaining a target price of $85.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for AppLovin, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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