Mixed options sentiment in Applovin (APP), with shares up $13.10, or 2.69%, near $500.45. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.4 near 59.48,in the bottom quartile of the past year, suggesting an expected daily move of $18.75. Put-call skew steepened, indicating increased demand for downside protection.
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:
- AppLovin management to meet with Oppenheimer
- AppLovin price target raised to $575 from $450 at Scotiabank
- Why AppLovin Stock (APP) is a Growth Rocket Without a Seatbelt
- AppLovin’s Strategic Expansion and Growth Catalysts Justify Buy Rating
- Interactive Brokers Stock Jumps on S&P 500 Inclusion, Walgreens Dropped