High-rolling investors have positioned themselves bullish 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 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $30,000, and 7 calls, totaling $293,389.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $105.0 for AppLovin over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $55.0 to $105.0 in the last 30 days.
AppLovin Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | SWEEP | BEARISH | 09/20/24 | $8.0 | $7.8 | $7.9 | $85.00 | $79.0K | 1.0K | 102 |
| APP | CALL | SWEEP | BULLISH | 10/18/24 | $15.3 | $15.1 | $15.3 | $72.50 | $64.2K | 77 | 0 |
| APP | CALL | SWEEP | BULLISH | 09/20/24 | $7.9 | $7.7 | $7.87 | $85.00 | $39.4K | 1.0K | 152 |
| APP | PUT | TRADE | BEARISH | 08/16/24 | $0.5 | $0.1 | $0.4 | $55.00 | $30.0K | 204 | 750 |
| APP | CALL | TRADE | BULLISH | 01/17/25 | $14.8 | $14.8 | $14.8 | $82.50 | $29.6K | 141 | 25 |
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.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AppLovin's Current Market Status
- Trading volume stands at 1,288,191, with APP's price up by 2.1%, positioned at $83.52.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 16 days.
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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