Moderately bullish activity in Applovin (APP), with shares up $14.47, or 2.06%, near $717.75. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.86, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 1.4 points near 53.8,in the lowest 10% of observations over the past year, suggesting an expected daily move of $24.32. Put-call skew steepened, indicating increased demand for downside protection.
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