Deep-pocketed investors have adopted a bearish approach towards AppLovin APP, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $124,724, and 5 are calls, amounting to $192,052.
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 $35.0 to $110.0 for AppLovin over the last 3 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 $35.0 to $110.0 in the last 30 days.
AppLovin 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | TRADE | BULLISH | 01/16/26 | $53.3 | $51.8 | $52.74 | $35.00 | $52.7K | 27 | 0 |
| APP | PUT | SWEEP | BEARISH | 07/18/25 | $35.2 | $34.9 | $35.2 | $110.00 | $49.2K | 0 | 1 |
| APP | PUT | SWEEP | BEARISH | 10/18/24 | $8.5 | $8.3 | $8.5 | $80.00 | $42.5K | 397 | 0 |
| APP | CALL | SWEEP | BULLISH | 08/16/24 | $4.2 | $4.0 | $4.2 | $90.00 | $41.9K | 1.9K | 10 |
| APP | CALL | SWEEP | BEARISH | 08/02/24 | $3.0 | $2.95 | $2.95 | $84.00 | $37.1K | 16 | 1 |
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.
Current Position of AppLovin
- With a volume of 1,498,970, the price of APP is down -2.71% at $82.08.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 27 days.
What The Experts Say On AppLovin
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $97.0.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on AppLovin, which currently sits at a price target 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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