Mixed options sentiment in Applovin (APP), with shares up $59.51, or 12.14%, near $549.75. Options volume more than double the daily average with 127k contracts traded and calls leading puts for a put/call ratio of 0.8, compared to a typical level near 0.65. Implied volatility (IV30) dropped 6.39 near 53.2,in the lowest 10% of observations over the past year, suggesting an expected daily move of $18.42. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APP:
- EchoStar sells spectrum licenses to SpaceX, StubHub to launch IPO: Morning Buzz
- APP, HOOD, EME: AppLovin, Robinhood, and Emcor Group Stocks Jump on S&P 500 Inclusion News
- AppLovin’s Strategic Expansion and Quick Conversion Drive Buy Rating with 22.4% Expected Return
- AppLovin Stock (APP): Will This ‘Strong Buy’ AI Play Fly Higher on S&P 500 Inclusion?
- Robinhood (HOOD) Joins the S&P 500 as Market Value Hits $91 Billion