Financial giants have made a conspicuous bearish move on AppLovin. Our analysis of options history for AppLovin (NASDAQ:APP) revealed 27 unusual trades.
Delving into the details, we found 29% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $3,691,752, and 19 were calls, valued at $3,227,841.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $460.0 for AppLovin, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of AppLovin stands at 669.57, with a total volume reaching 6,400.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AppLovin, situated within the strike price corridor from $85.0 to $460.0, throughout the last 30 days.
AppLovin Option Activity Analysis: 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 | PUT | SWEEP | BULLISH | 01/31/25 | $17.1 | $16.9 | $17.0 | $340.00 | $1.7M | 29 | 1.0K |
| APP | PUT | TRADE | BEARISH | 02/21/25 | $27.3 | $26.5 | $27.4 | $330.00 | $1.0M | 1.1K | 406 |
| APP | CALL | TRADE | NEUTRAL | 01/17/25 | $16.6 | $13.8 | $15.0 | $360.00 | $970.5K | 1.2K | 647 |
| APP | CALL | TRADE | BEARISH | 01/17/25 | $8.5 | $6.8 | $7.0 | $380.00 | $905.8K | 2.6K | 1.3K |
| APP | CALL | TRADE | BULLISH | 01/17/25 | $12.9 | $9.9 | $12.0 | $370.00 | $600.0K | 1.6K | 501 |
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.
Current Position of AppLovin
- Trading volume stands at 1,041,294, with APP's price up by 0.72%, positioned at $353.16.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 37 days.
What The Experts Say On AppLovin
In the last month, 2 experts released ratings on this stock with an average target price of $465.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.* Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for AppLovin, targeting a price of $450. * An analyst from Oppenheimer downgraded its action to Outperform with a price target of $480.
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