This Is What Whales Are Betting On Apollo Global Management

Someone with a lot of money to spend has taken a bullish stance on Apollo Global Management APO.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with APO, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Apollo Global Management.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,300, and 10, calls, for a total amount of $3,873,000..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $90.0 for Apollo Global Management over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Apollo Global Management options trades today is 525.2 with a total volume of 3,481.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Apollo Global Management's big money trades within a strike price range of $65.0 to $90.0 over the last 30 days.

Apollo Global Management Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
APO CALL SWEEP BULLISH 01/17/25 $65.00 $1.2M 1.5K 283
APO CALL TRADE BEARISH 01/17/25 $65.00 $608.0K 1.5K 283
APO CALL SWEEP BULLISH 01/17/25 $65.00 $606.0K 1.5K 883
APO CALL SWEEP BULLISH 01/17/25 $65.00 $604.0K 1.5K 1.0K
APO CALL TRADE BEARISH 01/17/25 $65.00 $249.0K 1.5K 0

Where Is Apollo Global Management Standing Right Now?

  • With a volume of 855,846, the price of APO is up 1.46% at $89.89.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 50 days.

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 Apollo Global Management, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!