Financial giants have made a conspicuous bullish move on AppLovin. Our analysis of options history for AppLovin APP revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 6% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $686,497, and 6 were calls, valued at $289,682.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $95.0 for AppLovin over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of AppLovin stands at 398.8, with a total volume reaching 1,583.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AppLovin, situated within the strike price corridor from $60.0 to $95.0, throughout the last 30 days.
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 | PUT | SWEEP | NEUTRAL | 10/18/24 | $17.6 | $17.3 | $17.45 | $95.00 | $152.0K | 22 | 400 |
| APP | PUT | SWEEP | NEUTRAL | 10/18/24 | $17.5 | $17.3 | $17.34 | $95.00 | $124.9K | 22 | 306 |
| APP | PUT | SWEEP | NEUTRAL | 10/18/24 | $17.4 | $17.3 | $17.37 | $95.00 | $112.9K | 22 | 84 |
| APP | CALL | SWEEP | BULLISH | 07/19/24 | $21.8 | $21.6 | $21.77 | $60.00 | $87.1K | 320 | 0 |
| APP | PUT | SWEEP | BEARISH | 10/18/24 | $17.4 | $17.3 | $17.38 | $95.00 | $81.6K | 22 | 84 |
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 1,618,152, with APP's price up by 1.08%, positioned at $81.8.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 19 days.
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 AppLovin with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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