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News

AppLovin's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | June 18, 2024 04:30pm

Financial giants have made a conspicuous bullish move on AppLovin. Our analysis of options history for AppLovin (NASDAQ:APP) revealed 9 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $98,470, and 6 were calls, valued at $209,260.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $80.0 for AppLovin over the recent three months.

Insights into Volume & Open Interest

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 $80.0 in the last 30 days.

AppLovin Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
APP CALL SWEEP BULLISH 09/20/24 $15.3 $15.1 $15.3 $70.00 $65.7K 52 1
APP PUT SWEEP BULLISH 07/19/24 $1.8 $1.75 $1.75 $75.00 $43.7K 384 7
APP CALL TRADE BULLISH 01/16/26 $29.0 $28.3 $28.88 $70.00 $31.7K 203 10
APP CALL SWEEP NEUTRAL 07/05/24 $7.7 $6.5 $6.6 $75.00 $31.6K 159 16
APP CALL TRADE BULLISH 01/16/26 $28.9 $28.3 $28.89 $70.00 $28.8K 203 0

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.

In light of the recent options history for AppLovin, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of AppLovin

  • Currently trading with a volume of 4,361,843, the APP's price is up by 3.03%, now at $80.84.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 50 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.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from Benzinga Pro.

Posted In: APP