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 8 options trades for AppLovin. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $48,561, and 7 calls, totaling $239,983.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.5 to $85.0 for AppLovin during the past quarter.
Volume & Open Interest Trends
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 $2.5 to $85.0 in the last 30 days.
AppLovin Option Activity Analysis: 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 | 07/12/24 | $0.95 | $0.35 | $0.4 | $75.00 | $48.5K | 70 | 1 |
| APP | CALL | SWEEP | BEARISH | 01/17/25 | $82.8 | $79.8 | $81.12 | $2.50 | $40.5K | 16 | 0 |
| APP | CALL | TRADE | BULLISH | 01/17/25 | $79.3 | $78.1 | $79.3 | $5.00 | $39.6K | 14 | 0 |
| APP | CALL | SWEEP | BEARISH | 07/19/24 | $3.5 | $3.4 | $3.43 | $85.00 | $38.0K | 4.2K | 152 |
| APP | CALL | SWEEP | BEARISH | 01/17/25 | $16.0 | $15.7 | $15.77 | $82.50 | $36.3K | 104 | 22 |
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.
Where Is AppLovin Standing Right Now?
- With a trading volume of 1,283,631, the price of APP is down by -0.76%, reaching $82.49.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 40 days from now.
Professional Analyst Ratings for AppLovin
In the last month, 1 experts released ratings on this stock with an average target price of $97.0.
- An analyst from Oppenheimer persists with their Outperform rating on AppLovin, maintaining a target price of $97.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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