Deep-pocketed investors have adopted a bullish approach towards Apollo Global Management APO, 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 APO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Apollo Global Management. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $332,680, and 3 are calls, amounting to $81,130.
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 $110.0 to $125.0 for Apollo Global Management over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Apollo Global Management stands at 3770.5, with a total volume reaching 593.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Apollo Global Management, situated within the strike price corridor from $110.0 to $125.0, throughout the last 30 days.
Apollo Global Management 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APO | PUT | SWEEP | BULLISH | 01/17/25 | $115.00 | $108.1K | 7 | 189 |
| APO | PUT | SWEEP | BEARISH | 01/17/25 | $115.00 | $86.9K | 7 | 0 |
| APO | PUT | TRADE | BEARISH | 03/28/24 | $118.00 | $58.0K | 0 | 305 |
| APO | PUT | SWEEP | BULLISH | 06/21/24 | $120.00 | $40.4K | 46 | 22 |
| APO | PUT | TRADE | BULLISH | 01/17/25 | $115.00 | $39.2K | 7 | 189 |
About Apollo Global Management
Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.
After a thorough review of the options trading surrounding Apollo Global Management, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Apollo Global Management
- With a volume of 2,155,331, the price of APO is up 2.11% at $115.02.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 47 days.
Professional Analyst Ratings for Apollo Global Management
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $126.5.
- An analyst from JP Morgan upgraded its action to Overweight with a price target of $122.
- Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for Apollo Global Management, targeting a price of $131.
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 Apollo Global Management with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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