Financial giants have made a conspicuous bullish move on AppLovin. Our analysis of options history for AppLovin APP revealed 30 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $666,550, and 26 were calls, valued at $2,224,376.
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 $200.0 to $500.0 for AppLovin over the last 3 months.
Insights into 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 $200.0 to $500.0, over the past month.
AppLovin Option Volume And Open Interest Over Last 30 Days
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 | BULLISH | 02/14/25 | $21.0 | $20.1 | $20.0 | $335.00 | $500.0K | 10 | 263 |
| APP | CALL | SWEEP | BULLISH | 01/31/25 | $27.6 | $26.0 | $26.0 | $340.00 | $312.0K | 481 | 120 |
| APP | CALL | TRADE | BEARISH | 01/15/27 | $131.1 | $131.0 | $131.0 | $380.00 | $157.2K | 17 | 0 |
| APP | CALL | SWEEP | NEUTRAL | 02/21/25 | $158.0 | $152.1 | $155.14 | $200.00 | $155.4K | 1.0K | 0 |
| APP | CALL | SWEEP | BEARISH | 02/21/25 | $28.5 | $28.2 | $28.2 | $375.00 | $149.4K | 34 | 49 |
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.
AppLovin's Current Market Status
- With a volume of 600,997, the price of APP is up 0.19% at $362.4.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 20 days.
Expert Opinions on AppLovin
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $386.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for AppLovin, targeting a price of $366. * An analyst from JP Morgan has decided to maintain their Neutral rating on AppLovin, which currently sits at a price target of $325. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $375. * Maintaining their stance, an analyst from UBS continues to hold a Buy rating for AppLovin, targeting a price of $440. * Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for AppLovin, targeting a price of $425.
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.
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