Option traders moderately bearish in Applovin (APP), with shares down $5.19 near $453.90. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.9 points near 67.54,and below the 52wk median, suggesting an expected daily move of $19.31. Put-call skew steepened, indicating increased demand for downside protection.
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