AppLovin's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on AppLovin.

Looking at options history for AppLovin APP we detected 27 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $257,695 and 23, calls, for a total amount of $1,034,637.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.5 to $50.0 for AppLovin over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AppLovin's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AppLovin's substantial trades, within a strike price spectrum from $17.5 to $50.0 over the preceding 30 days.

AppLovin Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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 advanced tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their application.

Having examined the options trading patterns of AppLovin, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is AppLovin Standing Right Now?

• With a volume of 10,679,274, the price of APP is up 12.24% at $45.03.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 90 days.

Professional Analyst Ratings for AppLovin

5 market experts have recently issued ratings for this stock, with a consensus target price of $46.4.

• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for AppLovin, targeting a price of $58.
• Maintaining their stance, an analyst from Benchmark continues to hold a Sell rating for AppLovin, targeting a price of $28.
• An analyst from Stifel persists with their Buy rating on AppLovin, maintaining a target price of $45.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on AppLovin with a target price of $57.
• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on AppLovin, which currently sits at a price target of $43.

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.