Moderately bullish activity in Applovin (APP), with shares up $5.95, or 1.44%, near $418.32. Options volume roughly in line with average with 80k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.0 points near 59.09,in the bottom quartile of the past year, suggesting an expected daily move of $15.57. Put-call skew steepened, indicating increased demand for downside protection.
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