Whales with a lot of money to spend have taken a noticeably bullish stance on AppLovin.
Looking at options history for AppLovin APP we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $163,475 and 3, calls, for a total amount of $237,120.
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 $65.0 to $92.5 for AppLovin during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $65.0 to $92.5 in the last 30 days.
AppLovin Call and Put Volume: 30-Day Overview
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 | 09/20/24 | $16.8 | $16.6 | $16.8 | $65.00 | $112.5K | 10 | 0 |
| APP | CALL | TRADE | BEARISH | 07/18/25 | $14.4 | $14.2 | $14.2 | $92.50 | $99.4K | 4 | 0 |
| APP | PUT | TRADE | BEARISH | 06/14/24 | $3.8 | $2.65 | $3.8 | $81.00 | $48.6K | 217 | 14 |
| APP | PUT | SWEEP | BULLISH | 06/21/24 | $2.8 | $2.65 | $2.65 | $79.00 | $30.4K | 101 | 6 |
| APP | PUT | SWEEP | NEUTRAL | 07/19/24 | $7.6 | $7.5 | $7.56 | $82.50 | $30.2K | 644 | 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.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is AppLovin Standing Right Now?
- Trading volume stands at 2,768,994, with APP's price up by 2.47%, positioned at $77.52.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 54 days.
Professional Analyst Ratings for AppLovin
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $97.0.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on AppLovin, which currently sits at a price target of $97.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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