Investors who can spend a lot of money have taken an optimistic stance AppLovin APP.
And private traders should know.
We noticed this today when the positions appeared in the publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens at APP, it often means that someone knows something is going to happen.
Today, Benzinga’s Options Scanner discovered 29 options trades for AppLovin.
This is not normal.
The overall sentiment of these wholesalers is 62% optimistic and 31% pessimistic.
Of all the options we discovered, there was 1 put for a total amount of $50,400 and 28 calls for a total amount of $2,718,838.
Expected price movements
Based on trading activity, it appears that major investors are targeting a price range between $60.0 and $125.0 for AppLovin over the past three months.
Insights into volume and open interest
Examining volume and open interest provides important insights for stock analysis. This information is critical to assessing liquidity and interest in AppLovin’s options at specific strike prices. Below we present a snapshot of trends in volume and open interest for calls and puts on AppLovin’s key trades within a strike price range of $60.0 to $125.0 over the past month.
AppLovin options volume and open interest in the last 30 days
Significant options trades identified:
| symbol | PUT/CALL | Trading type | Feeling | Expiry date | Questions | bid | Price | Exercise price | Total trading price | Open interest | volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | TRADE | BULLISH | 17.01.25 | $6.4 | 6.1 USD | 6,3 € | 100.00 USD | 630,000 USD | 1.4K | 1,0k |
| APP | CALL | SWEEP | BULLISH | 16.01.26 | 34,90 € | 34,3 € | 34,3 € | 62,50 € | 522.4 thousand USD | 38 | 151 |
| APP | CALL | SWEEP | BEARISH | 21.02.25 | 4,00 € | 3.4 USD | 3.4 USD | 125,00 € | 230.2 thousand USD | 18 | 682 |
| APP | CALL | SWEEP | BEARISH | 21.02.25 | 6,60 € | 6,00 € | 6,00 € | 110.00 USD | 196.2 thousand USD | 54 | 327 |
| APP | CALL | SWEEP | BEARISH | 21.02.25 | 7.1 USD | 7,00 € | 7.1 USD | 105,00 € | 99.4 thousand USD | 21 | 142 |
About AppLovin
AppLovin Corp is a mobile app technology company focused on growing the mobile app ecosystem by enabling the success of mobile app developers. The company’s software solutions provide mobile app developers with tools to grow their business by automating and streamlining the marketing and monetization of their applications.
After examining AppLovin’s options trading patterns, our attention now turns directly to the company. This shift allows us to examine its current market position and performance
Where is AppLovin at the moment?
- With a volume of 2,560,920, the price of APP increased by 5.5% to $84.18.
- RSI indicators suggest that the underlying stock may be overbought.
- The next results are expected to be published in 84 days.
Expert opinions on AppLovin
3 market experts have recently provided ratings for this stock, with a consensus price target of $98.33333333333333.
- An analyst at Wedbush remains true to his assessment and continues to give AppLovin an “outperform” rating with a price target of $90.
- A Wedbush analyst downgraded the stock to “outperform” with a price target of $100.
- An analyst at Oppenheimer echoes the concerns, lowering his rating to “outperform” with a new price target of $105.
Options trading involves higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest AppLovin options trades with real-time alerts from Benzinga Pro.
Market news and data provided by Benzinga APIs
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