Whales with a lot of money to spend have taken a noticeably bearish stance on AppLovin.
Looking at options history for AppLovin APP we detected 27 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $191,960 and 22, calls, for a total amount of $1,631,746.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $62.5 to $100.0 for AppLovin during the past quarter.
Analyzing 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 $62.5 to $100.0, over the past month.
AppLovin 30-Day Option Volume & Interest Snapshot
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 | BULLISH | 08/16/24 | $6.3 | $6.0 | $6.24 | $77.50 | $619.3K | 136 | 16 |
| APP | CALL | SWEEP | BULLISH | 06/21/24 | $2.75 | $2.55 | $2.7 | $77.50 | $135.2K | 519 | 501 |
| APP | CALL | TRADE | BEARISH | 01/17/25 | $6.0 | $5.6 | $5.75 | $100.00 | $123.6K | 1.3K | 46 |
| APP | CALL | SWEEP | BULLISH | 11/15/24 | $6.3 | $5.9 | $6.3 | $90.00 | $91.3K | 144 | 304 |
| APP | PUT | SWEEP | BEARISH | 09/20/24 | $3.5 | $3.0 | $3.3 | $62.50 | $86.4K | 37 | 10 |
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
- Trading volume stands at 8,350,093, with APP's price down by -3.98%, positioned at $77.18.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 57 days.
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.
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