Benzinga's options scanner just detected over 8 options trades for AppLovin APP summing a total amount of $548,438.
At the same time, our algo caught 2 for a total amount of 82,971.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $105.0 for AppLovin, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AppLovin's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AppLovin's whale trades within a strike price range from $45.0 to $105.0 in the last 30 days.
AppLovin Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | SWEEP | BULLISH | 06/21/24 | $13.0 | $13.0 | $13.0 | $70.00 | $217.1K | 1.2K | 167 |
| APP | CALL | SWEEP | BULLISH | 06/21/24 | $13.0 | $12.9 | $13.0 | $70.00 | $104.0K | 1.2K | 250 |
| APP | CALL | SWEEP | BULLISH | 01/16/26 | $44.3 | $43.8 | $44.3 | $45.00 | $88.6K | 298 | 33 |
| APP | PUT | SWEEP | BULLISH | 01/17/25 | $28.9 | $28.2 | $28.29 | $105.00 | $45.2K | 0 | 16 |
| APP | PUT | SWEEP | NEUTRAL | 01/17/25 | $4.3 | $4.1 | $4.2 | $60.00 | $37.6K | 834 | 90 |
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.
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
Current Position of AppLovin
- Trading volume stands at 2,694,374, with APP's price down by -1.12%, positioned at $81.78.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 64 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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