Investors with substantial capital have taken a bearish stance on AppLovin APP.
This isn’t common in regular trading occurrences. Large-scale traders’ overall sentiment toward AppLovin stands at a solemn 25% bullish and a staggering 75% bearish.
Out of the distinctive options unveiled, 5 are puts, amounting to $224,624, and 3 are calls, totaling $99,810.
Predicted Price Range
Perusing the Volume and Open Interest in these contracts, it appears that significant investors have been eyeing a price window from $30.0 to $55.0 for AppLovin during the past quarter.
Volume & Open Interest Development
Analyzing the volume and open interest is an insightful move when trading options. This data can aid in tracking the liquidity and interest for AppLovin’s options for a given strike price.
AppLovin Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APP | PUT | SWEEP | BEARISH | 01/17/25 | $55.00 | $73.0K | 275 | 71 |
| APP | CALL | TRADE | NEUTRAL | 03/15/24 | $50.00 | $44.0K | 209 | 223 |
| APP | PUT | SWEEP | BULLISH | 02/16/24 | $45.00 | $44.0K | 373 | 175 |
| APP | PUT | SWEEP | BULLISH | 02/16/24 | $55.00 | $39.5K | 53 | 37 |
| APP | PUT | SWEEP | BEARISH | 03/15/24 | $45.00 | $38.2K | 69 | 91 |
About AppLovin
AppLovin Corp is a mobile app technology company, focusing on nurturing the mobile app ecosystem and facilitating the success of mobile app developers. Its software solutions equip developers with advanced tools to automate and optimize app marketing and monetization.
Given the recent options activity surrounding AppLovin, it’s imperative to delve into the company’s existing performance.
Present Market Standing of AppLovin
- Trading volume stands at 3,135,884, with APP’s price up by 1.33% at $44.89.
- RSI indicators suggest the stock may be overbought.
- Earnings announcement expected in 16 days.
Options trading poses heightened risks and potential rewards. Discerning traders navigate these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keenly observing market movements. Stay updated on the latest AppLovin options trades with real-time alerts from Benzinga Pro.
