High-rolling investors have positioned themselves bullish on Apollo Global Management APO, 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 APO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Apollo Global Management. This is not a typical pattern.
The sentiment among these major traders is split, with 90% bullish and 10% bearish. Among all the options we identified, there was one put, amounting to $34,868, and 9 calls, totaling $333,150.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $91.0 for Apollo Global Management, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Apollo Global Management's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Apollo Global Management's significant trades, within a strike price range of $85.0 to $91.0, over the past month.
Apollo Global Management Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APO | CALL | SWEEP | BULLISH | 12/15/23 | $85.00 | $99.3K | 3.4K | 1 |
| APO | PUT | SWEEP | BULLISH | 12/01/23 | $91.00 | $34.8K | 266 | 510 |
| APO | CALL | SWEEP | BULLISH | 12/15/23 | $85.00 | $32.4K | 3.4K | 312 |
| APO | CALL | SWEEP | BEARISH | 12/15/23 | $85.00 | $31.0K | 3.4K | 145 |
| APO | CALL | SWEEP | BULLISH | 12/15/23 | $85.00 | $30.8K | 3.4K | 234 |
About Apollo Global Management
Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.
Apollo Global Management's Current Market Status
- With a trading volume of 696,716, the price of APO is down by -0.72%, reaching $91.61.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 70 days from now.
Expert Opinions on Apollo Global Management
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $102.0.
- An analyst from BMO Capital has decided to maintain their Outperform rating on Apollo Global Management, which currently sits at a price target of $98.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Apollo Global Management with a target price of $106.
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 Apollo Global Management, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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