High-rolling investors have positioned themselves bearish on AppLovin APP, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in APP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for AppLovin. This is not a typical pattern.
The sentiment among these major traders is split, with 36% bullish and 45% bearish. Among all the options we identified, there was one put, amounting to $26,710, and 10 calls, totaling $1,570,997.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $610.0 for AppLovin over the recent three months.
Volume & Open Interest Development
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 $80.0 to $610.0, over the past month.
AppLovin 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | TRADE | BULLISH | 01/17/25 | $264.6 | $263.1 | $264.6 | $82.50 | $370.4K | 205 | 44 |
| APP | CALL | TRADE | BEARISH | 01/17/25 | $267.3 | $265.3 | $265.3 | $82.50 | $318.3K | 205 | 30 |
| APP | CALL | SWEEP | BEARISH | 03/21/25 | $51.2 | $49.1 | $50.0 | $350.00 | $250.0K | 231 | 50 |
| APP | CALL | SWEEP | BEARISH | 01/17/25 | $266.8 | $263.1 | $264.6 | $82.50 | $211.6K | 205 | 8 |
| APP | CALL | SWEEP | BEARISH | 01/17/25 | $130.9 | $128.0 | $128.0 | $220.00 | $153.6K | 91 | 12 |
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.
Following our analysis of the options activities associated with AppLovin, we pivot to a closer look at the company's own performance.
Present Market Standing of AppLovin
- With a volume of 41,399, the price of APP is down -0.63% at $339.69.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 48 days.
Professional Analyst Ratings for AppLovin
5 market experts have recently issued ratings for this stock, with a consensus target price of $455.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for AppLovin, targeting a price of $450. * Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on AppLovin with a target price of $450. * An analyst from Stifel persists with their Buy rating on AppLovin, maintaining a target price of $435. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for AppLovin, targeting a price of $460. * In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $480.
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 AppLovin, Benzinga Pro gives you real-time options trades alerts.
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