Mixed options sentiment in Applovin with shares up 2.18%

Mixed options sentiment in Applovin (APP), with shares up $11.44, or 2.18%, near $535.85. Options volume roughly in line with average with 41k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.53 near 75.67,and above the 52wk median, suggesting an expected daily move of $25.54. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Needham.Looking ahead: Applovin (APP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.