La chaîne d'options affiche les données clés des options sur actions de AppLovin à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour AppLovin..

AppLovin (NASDAQ:APP) Stock, Chaîne d'Options

AppLovin

AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.

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BTIG analyst Clark Lampen maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $150 to $202.

News

Price Target

Analyst Ratings

BTIG Maintains Buy on AppLovin, Raises Price Target to $202

High-rolling investors have positioned themselves bearish on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in APP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for AppLovin. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $98,400, and 7 calls, totaling $1,302,490.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for AppLovin during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for AppLovin's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AppLovin's whale activity within a strike price range from $100.0 to $200.0 in the last 30 days. 
<h3>AppLovin Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730296842_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.1</td>
<td>$10.7</td>
<td>$10.7</td>
<td>$200.00</td>
<td>$428.0K</td>
<td>1.1K</td>
<td style="text-align: right;">403</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$69.0</td>
<td>$66.8</td>
<td>$66.8</td>
<td>$105.00</td>
<td>$260.5K</td>
<td>40</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$64.6</td>
<td>$62.6</td>
<td>$63.78</td>
<td>$110.00</td>
<td>$255.1K</td>
<td>3.6K</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$74.7</td>
<td>$72.6</td>
<td>$73.52</td>
<td>$100.00</td>
<td>$220.5K</td>
<td>3.2K</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/08/24</td>
<td>$24.8</td>
<td>$24.4</td>
<td>$24.6</td>
<td>$190.00</td>
<td>$98.4K</td>
<td>40</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
In light of the recent options history for AppLovin, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of AppLovin</h3>
<ul>
<li>Trading volume stands at 304,709, with APP's price down by -0.46%, positioned at $171.45.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 7 days.</li>
</ul>
<h3>What Analysts Are Saying About AppLovin</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $175.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $200. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on AppLovin with a target price of $180. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on AppLovin, maintaining a target price of $160. 
&#x2A; Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for AppLovin, targeting a price of $185. 
&#x2A; In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $150. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AppLovin with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Market Whales and Their Recent Bets on APP Options

Wells Fargo analyst Alec Brondolo initiates coverage on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Overweight rating and announces Price Target of $200.

Initiation

Wells Fargo Initiates Coverage On AppLovin with Overweight Rating, Announces Price Target of $200

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares jumped 21.97% following the earnings<a href="https://www.benzinga.com//node/41537560" target="_blank" rel="noreferrer noopener"> beat and overall market strength</a>.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares increased 14.02% last week. The People's Bank of China <a href="https://www.benzinga.com//node/41547149" target="_blank" rel="noreferrer noopener">injected 700 billion yuan</a> ($98.36 billion) into the banking system through its one-year medium-term lending facility, keeping the rate steady at 2.0%.</li>
<li>Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) stock surged 12.36% after the company<a href="https://www.benzinga.com//node/41500855" target="_blank" rel="noreferrer noopener"> reported third-quarter results</a>.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) shares gained 11.83% following a report alleging that a <a href="https://www.benzinga.com//node/41550527" target="_blank" rel="noreferrer noopener">judge blocked the company's proposed acquisition</a> of Capri Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>). The company said it intends to appeal the decision.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 11.30% last week after several analysts <a href="https://www.benzinga.com/quote/APP/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a> on the stock.</li>
<li>Booz Allen Hamilton Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) shares gained 10.99% after reporting better-than-expected Q2 financial results and <a href="https://www.benzinga.com//node/41543105" target="_blank" rel="noreferrer noopener">strong FY25 guidance</a>.</li>
<li>Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) shares upped 9.45% after reporting better-than-expected Q3 FFO results and raising FY24 FFO guidance. Several analysts <a href="https://www.benzinga.com/quote/DLR/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a> on the stock.</li>
<li>Grab Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) stock gained 9.12% last week. Daiwa Capital initiated coverage on the stock with an Outperform rating and <a href="https://www.benzinga.com/quote/GRAB/analyst-ratings" target="_blank" rel="noreferrer noopener">a $4.60 price target</a>.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares were up <a href="https://www.benzinga.com//node/41544385" target="_blank" rel="noreferrer noopener">8.56% amid a rise in Bitcoin</a>.</li>
<li>Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) shares upped 8.03% after the company reported better-than-expected third-quarter results and several <a href="https://www.benzinga.com//node/41499153" target="_blank" rel="noreferrer noopener">analysts raised the price target</a>.</li>
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Photo via Shutterstock

Large Cap

Movers

Trading Ideas

CPRI

GRAB

MSTR

TSLA

Tesla, Li Auto And MicroStrategy Are Among Top 10 Large Cap Gainers Last Week (Oct 21-Oct 25): Are The Others In Your Portfolio?

Stifel analyst David Pang maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $100 to $185.

Stifel Maintains Buy on AppLovin, Raises Price Target to $185

Oppenheimer analyst Martin Yang maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Outperform and raises the price target from $105 to $180.

Oppenheimer Maintains Outperform on AppLovin, Raises Price Target to $180

JPMorgan analysts said they are encouraged by mobile gaming trends and expect spending on consoles to improve next year driven by a strong game slate. 
The research firm updated its coverage on video game companies, including Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) and Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) ahead of their <a href="https://www.benzinga.com/general/gaming/24/10/41319267/us-gaming-market-sees-7-spending-decline-in-august-madden-nfl-25-debut-a-bright-spot">third-quarter earnings reports. </a>
Roblox: JPMorgan pointed to Roblox as one of the firm's favorite names in the video game industry due to its combination of healthy engagement trends, ads/commerce business ramping and free cash flow seen as compounding at 30% through 2027. 
The analysts also highlighted data suggesting Roblox's daily active users (DAUs) are <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257301/roblox-usage-climbs-among-us-teens-analyst-raises-target-to-54">tracking above </a>estimates and potential upside to third-quarter bookings. JPMorgan maintained its Overweight rating on Roblox shares and raised the price target from $50 to $51 ahead of its earnings release on Oct. 31. 
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
Applovin: JPMorgan highlighted Applovin as the leading in-app monetization platform for mobile gaming companies. The firm spoke with industry contacts who reported Applovin accounted for between 40% and 60% of their user acquisition spending. 
The analysts expect strong third-quarter results from the company due to stable growth in the mobile gaming industry, but remained neutral on the stock as the firm awaits evidence that Applovin can scale beyond gaming. The firm maintained its Neutral rating on Applovin, but raised the price target considerably, from $57 to $160. 
Electronic Arts: The firm pointed to EA's position as the largest pure-play game publisher in the industry that "increasingly favors scale and the largest IP" portfolio. The firm maintained its Neutral rating and $155 price target and said it is looking for "more consistent execution on non-sports titles" from <a href="https://www.benzinga.com/general/gaming/24/10/41365831/plants-vs-zombies-3-servers-shut-down-as-ea-plans-major-overhaul">the company</a>. 
Electronic Arts will be the first from the group to report its quarterly results on Oct. 29 after the market close. The Street estimates the company will report earnings of $2.02 per share on revenue of $2.036 billion, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
Read Also:&nbsp;
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<li>&nbsp;<a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Gaming

RBLX

JPMorgan Updates Video Game Industry Coverage, Taps Roblox As Top Pick

Citigroup analyst Jason Bazinet maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $155 to $185.

Citigroup Maintains Buy on AppLovin, Raises Price Target to $185

Financial giants have made a conspicuous bearish move on AppLovin. Our analysis of options history for AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $64,800, and 8 were calls, valued at $553,897.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $157.5 to $195.0 for AppLovin during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AppLovin's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AppLovin's significant trades, within a strike price range of $157.5 to $195.0, over the past month.
<h3>AppLovin Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729604797_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$2.55</td>
<td>$2.25</td>
<td>$2.55</td>
<td>$170.00</td>
<td>$101.9K</td>
<td>3.6K</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$6.2</td>
<td>$5.8</td>
<td>$5.98</td>
<td>$157.50</td>
<td>$100.3K</td>
<td>807</td>
<td style="text-align: right;">273</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$6.1</td>
<td>$5.8</td>
<td>$5.83</td>
<td>$157.50</td>
<td>$99.0K</td>
<td>807</td>
<td style="text-align: right;">504</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/25/24</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$5.0</td>
<td>$157.50</td>
<td>$92.5K</td>
<td>807</td>
<td style="text-align: right;">747</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$5.9</td>
<td>$3.1</td>
<td>$4.0</td>
<td>$160.00</td>
<td>$52.0K</td>
<td>924</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>Present Market Standing of AppLovin</h3>
<ul>
<li>Trading volume stands at 177,628, with APP's price up by 1.46%, positioned at $161.17.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 15 days.</li>
</ul>
<h3>What The Experts Say On AppLovin</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $160.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on AppLovin with a target price of $160. 
&#x2A; An analyst from Macquarie has revised its rating downward to Outperform, adjusting the price target to $150. 
&#x2A; An analyst from Loop Capital downgraded its action to Buy with a price target of $181. 
&#x2A; Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

AppLovin Unusual Options Activity For October 22

JP Morgan analyst David Karnovsky maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Neutral and raises the price target from $57 to $160.

JP Morgan Maintains Neutral on AppLovin, Raises Price Target to $160

Loop Capital initiates coverage on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy rating and announces Price Target of $181.

Loop Capital Initiates Coverage On AppLovin with Buy Rating, Announces Price Target of $181

U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Monday.
Shares of Construction Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) rose sharply during Monday's session after the company issued FY25 revenue above estimates.
Also, Construction Partners announced it will acquire Asphalt Inc for a mix of cash $654 million in cash and 3 million in class A common stock
Construction Partners shares surged 11.1% to $83.00 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ambipar Emergency Response (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBI#NYSE">AMBI</a>) gained 18.4% to $7.75.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) gained 16.1% to $23.67.</li>
<li>Viad Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVI#NYSE">VVI</a>) climbed 16.5% to $41.69 after the company announced it entered into a deal to sell its GES business to Truelink Capital for $535 million.</li>
<li>EHang Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) gained 13.6% to $18.75.</li>
<li>AudioEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) jumped 12% to $28.57.</li>
<li>Galiano Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAU#NYSE">GAU</a>) gained 11.2% to $1.6450.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) rose 8.3% to $157.24.</li>
<li>TeraWulf Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>) gained 7% to $5.61.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) surged 5.4% to $114.01. Baird analyst Joel Beatty maintained e.l.f. Beauty with an Outperform and lowered the price target from $240 to $175.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) gained 3.7% to $6.99 after the company announced it is partnering with Meta to significantly increase Meta&#8217;s network capacity and help drive its AI ambitions.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/10/41427706/wall-streets-most-accurate-analysts-spotlight-on-3-health-care-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields</a></li>
</ul>

Intraday Update

AEYE

AMBI

LUMN

ROAD

WULF

Construction Partners, Lumen Technologies, Viad Corp And Other Big Stocks Moving Higher On Monday

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$140.00</td>
<td>$52.9K</td>
<td>130.5K</td>
<td>372.3K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$210.00</td>
<td>$33.8K</td>
<td>3.4K</td>
<td>43.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$157.50</td>
<td>$132.4K</td>
<td>9.6K</td>
<td>17.6K</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$700.00</td>
<td>$26.5K</td>
<td>1.3K</td>
<td>4.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$53.0K</td>
<td>3.9K</td>
<td>4.6K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$150.00</td>
<td>$107.2K</td>
<td>6.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$190.00</td>
<td>$29.5K</td>
<td>646</td>
<td>1.5K</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$135.00</td>
<td>$49.7K</td>
<td>156</td>
<td>1.5K</td>
</tr>
<tr>
<td>FRSH</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$10.00</td>
<td>$105.0K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$415.00</td>
<td>$33.0K</td>
<td>2.5K</td>
<td>955</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 504 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.9K, with a price of $105.0 per contract. There were 130533 open contracts at this strike prior to today, and today 372360 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 137 contract(s) at a $210.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $247.0 per contract. There were 3464 open contracts at this strike prior to today, and today 43051 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 1025 contract(s) at a $157.50 strike. This particular put needed to be split into 84 different trades to become filled. The total cost received by the writing party (or parties) was $132.4K, with a price of $125.0 per contract. There were 9639 open contracts at this strike prior to today, and today 17680 contract(s) were bought and sold. 
• Regarding ASML (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), we observe a call option trade with neutral sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 30 contract(s) at a $700.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $884.0 per contract. There were 1354 open contracts at this strike prior to today, and today 4871 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bearish, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 265 contract(s) at a $190.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.0K, with a price of $200.0 per contract. There were 3966 open contracts at this strike prior to today, and today 4663 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bullish, expiring in 246 day(s) on June 20, 2025. This event was a transfer of 150 contract(s) at a $150.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $107.2K, with a price of $715.0 per contract. There were 6267 open contracts at this strike prior to today, and today 2500 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a put option trade with bearish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 50 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 646 open contracts at this strike prior to today, and today 1588 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a put option sweep that happens to be bullish, expiring in 127 day(s) on February 21, 2025. This event was a transfer of 38 contract(s) at a $135.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $1310.0 per contract. There were 156 open contracts at this strike prior to today, and today 1511 contract(s) were bought and sold. 
• Regarding FRSH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), we observe a call option trade with neutral sentiment. It expires in 127 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $210.0 per contract. There were 2126 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on October 25, 2024. Parties traded 50 contract(s) at a $415.00 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $660.0 per contract. There were 2513 open contracts at this strike prior to today, and today 955 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASML

AVGO

FRSH

MSFT

NVDA

10 Information Technology Stocks With Whale Alerts In Today's Session

Goldman Sachs analyst Eric Sheridan downgrades AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) from Buy to Neutral and raises the price target from $103 to $150.

Downgrades

Goldman Sachs Downgrades AppLovin to Neutral, Raises Price Target to $150

High-rolling investors have positioned themselves bullish on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in APP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for AppLovin. This is not a typical pattern.
The sentiment among these major traders is split, with 45% bullish and 45% bearish. Among all the options we identified, there was one put, amounting to $59,500, and 10 calls, totaling $1,025,140.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $210.0 for AppLovin over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AppLovin's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AppLovin's substantial trades, within a strike price spectrum from $130.0 to $210.0 over the preceding 30 days.
<h3>AppLovin Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728914445_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$21.6</td>
<td>$19.9</td>
<td>$19.9</td>
<td>$135.00</td>
<td>$398.0K</td>
<td>1.0K</td>
<td style="text-align: right;">207</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$22.3</td>
<td>$21.9</td>
<td>$22.3</td>
<td>$140.00</td>
<td>$178.4K</td>
<td>462</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$16.8</td>
<td>$16.7</td>
<td>$16.7</td>
<td>$130.00</td>
<td>$83.5K</td>
<td>1.7K</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.5</td>
<td>$195.00</td>
<td>$70.0K</td>
<td>1</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.0</td>
<td>$2.7</td>
<td>$3.0</td>
<td>$200.00</td>
<td>$59.9K</td>
<td>6</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
Following our analysis of the options activities associated with AppLovin, we pivot to a closer look at the company's own performance.
<h3>AppLovin's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 714,543, the APP's price is down by -1.79%, now at $144.37. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 23 days.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $150.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for AppLovin, targeting a price of $155. 
&#x2A; An analyst from UBS has elevated its stance to Buy, setting a new price target at $145. 
&#x2A; An analyst from Macquarie has revised its rating downward to Outperform, adjusting the price target to $150. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AppLovin, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

AppLovin's Options Frenzy: What You Need to Know

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday.
Shares of Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) fell sharply in today's pre-market trading.
U.S.-listed Chinese stocks traded lower Monday as China's stimulus measures failed to impress the Street.
Baidu shares fell 2.6% to $101.08 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) shares declined 6.6% to $1.85 in pre-market trading after jumping around 28% on Friday.</li>
<li>Genfit S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) shares declined 6.1% to $5.73 in pre-market trading after gaining around 10% on Friday.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares fell 5.2% to $12.23 in pre-market trading.</li>
<li>Melco Resorts &amp; Entertainment Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLCO#NASDAQ">MLCO</a>) shares fell 4.6% to $7.53 in pre-market trading.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) shares fell 4.1% to $11.37 in pre-market trading.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) shares slipped 4% to $8.28 in pre-market trading.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares fell 3.7% to $141.49 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41308141/this-analyst-with-85-accuracy-rate-sees-around-20-upside-in-amd-here-are-5-stock-picks-for-last-week">This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Pre-Market Outlook

BIDU

GNFT

GOOS

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

PACB

TIGR

XPEV

Baidu, XPeng And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Investors with a lot of money to spend have taken a bullish stance on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with APP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for AppLovin.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $45,468, and 7, calls, for a total amount of $254,945.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $160.0 for AppLovin over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for AppLovin's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AppLovin's whale activity within a strike price range from $85.0 to $160.0 in the last 30 days. 
<h3>AppLovin 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728584275_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$44.7</td>
<td>$43.1</td>
<td>$44.19</td>
<td>$100.00</td>
<td>$66.2K</td>
<td>1.6K</td>
<td>101</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.75</td>
<td>$1.6</td>
<td>$1.6</td>
<td>$140.00</td>
<td>$45.4K</td>
<td>2.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$71.7</td>
<td>$70.7</td>
<td>$71.05</td>
<td>$85.00</td>
<td>$35.5K</td>
<td>44</td>
<td>5</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$7.2</td>
<td>$6.6</td>
<td>$6.7</td>
<td>$160.00</td>
<td>$33.5K</td>
<td>120</td>
<td>50</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$33.4</td>
<td>$32.6</td>
<td>$33.0</td>
<td>$125.00</td>
<td>$33.0K</td>
<td>591</td>
<td>10</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of AppLovin</h3>
<ul>
<li>With a volume of 2,104,096, the price of APP is up 0.67% at $144.36. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 27 days.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $144.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from BTIG has decided to maintain their Buy rating on AppLovin, which currently sits at a price target of $150. 
&#x2A; An analyst from Macquarie has revised its rating downward to Outperform, adjusting the price target to $150. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on AppLovin, maintaining a target price of $120. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for AppLovin, targeting a price of $155. 
&#x2A; In a positive move, an analyst from UBS has upgraded their rating to Buy and adjusted the price target to $145. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest AppLovin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

AppLovin Unusual Options Activity For October 10

AppLovin's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APP#NYSE">APP</a>) short percent of float has risen 19.24% since its last report. The company recently reported that it has 20.60 million shares sold short, which is 7.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AppLovin Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728576036_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AppLovin has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing AppLovin's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AppLovin's peer group average for short interest as a percentage of float is 3.03%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into AppLovin's Recent Short Interest

Unity Software (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/u#NYSE">U</a>) has been in particularly choppy waters so far in 2024 as the stock has plummeted 48.2% compared with the Zacks Computer and Technology sector&#39;s 23.4% return, leaving investors wondering whether this represents a buying opportunity or a sign of deeper troubles ahead.
Unity, known for its widely-used game development engine, has been grappling with challenges in its core business segments. The company&#39;s recent financial performance and guidance revisions have sparked concern among analysts and shareholders alike.
In its latest quarterly report, Unity delivered mixed results. While the company showed improvements in free cash flow, generating $80 million in the second quarter &mdash; a 137% increase from the previous year &mdash; revenue growth in key segments has been sluggish. The Grow Solutions segment, which encompasses Unity&#39;s advertising and monetization business, experienced a 9% year-over-year decline, reaching $296 million. This downturn in the advertising side of the business has been a significant factor in Unity&#39;s stock performance, as it represents a substantial portion of the company&#39;s revenues.
<h2>Year-to-Date Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/80751.jpg?v=442868734" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
<h2>Unity Rebuilds Ad Tech Amid Mobile Gaming Supremacy</h2>
Despite these challenges, Unity maintains a dominant position in the mobile gaming market. The company powers 70% of the top mobile games globally. In 2023, applications built with Unity averaged 3.7 billion downloads per month. On the advertising front, Unity delivers over 65 billion impressions monthly, reaching more than 1.5 billion individual gamers.
To address the headwinds in its advertising business, Unity has embarked on a comprehensive rebuild of its machine learning stack and data infrastructure. The company aims to create a more agile environment for continuous innovation, potentially leading to improved performance and greater ROI for customers. Additionally, Unity has made strategic hires, bringing on board industry veterans like Jim Payne as the new chief product officer for Advertising and Alex Blum as SVP of Corporate Development.
Unity&#39;s Create Solutions division, which includes its strategic portfolio, has shown resilience with a modest 4% year-over-year increase in revenues to $129 million. This growth was primarily driven by a 14% rise in subscription revenues, attributed to successful price increases and customer upgrades to higher-priced tiers. The company&#39;s ability to upsell its existing customer base demonstrates the value proposition of its offerings and the potential for continued revenue expansion.
The company&#39;s Industries segment, which focuses on non-gaming applications of Unity&#39;s technology, has emerged as a significant growth driver. In the second quarter, Industries grew by 59% year over year, now representing 18% of total Create Solutions revenues, up from 12% in the previous year. This diversification into new markets could open up additional revenue streams and reduce Unity&#39;s dependence on the gaming sector.
<h2>Unity&#39;s Cautious Outlook Amid Intense Rivalry</h2>
These initiatives, however, will take time to bear fruit, as reflected in Unity&#39;s revised guidance for the full year. The company has lowered its revenue expectations for its strategic portfolio to $1,680 to $1,690 million, down from the previous range of $1,760 to $1,800 million. This adjustment represents a year-over-year decrease of 2% to 3%, signaling a more cautious approach to the recovery in the Grow Solutions business.
The reduced guidance has also impacted Unity&#39;s projected adjusted EBITDA, now expected to be between $340 million and $350 million, down from the previous range of $400 million to $425 million. This decrease is primarily due to lower projected revenues, though partially offset by incremental cost savings.
The Zacks Consensus Estimate for Unity&#39;s 2024 revenues is pegged at $1.76 billion, indicating year-over-year growth of 19.5%. The consensus mark for 2024 earnings is pegged at a loss of $1.86 per share, unchanged in the past 30 days.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/64/80752.jpg?v=1098930087" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
Besides, Unity Software operates in a competitive landscape within the game development and advertising technology sectors. Its primary rival in the game engine market is Epic Games&#39; Unreal Engine, which is particularly strong in high-end console and PC game development besides Amazon-owned Lumberyard (now Open 3D Engine). Other competitors include Godot, an open-source alternative gaining popularity, and CryEngine, known for its graphical capabilities.
In the mobile ad tech space, Unity faces competition from companies like AppLovin (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) and Alphabet-owned Google&#39;s AdMob. Additionally, as Unity expands into non-gaming industries, it will encounter competition from specialized software providers in sectors such as architecture, automotive and film production. The company&#39;s ability to innovate and maintain its market share against these diverse competitors will be crucial for its long-term success.
It is also important to consider whether the stock&#39;s current valuation accurately reflects the company&#39;s long-term growth potential and ability to navigate the competitive landscape. Unity is trading at a premium with a forward P/S ratio of 4.72X compared with the Zacks Internet - Software industry&#39;s 2.77X, reflecting a stretched valuation.
<h2>Unity&#39;s P/S F12M Ratio Depicts Stretched Valuation</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f4/80753.jpg?v=1999377339" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
<h2>Conclusion</h2>
As Unity works to rebuild its advertising capabilities and leverage its strong position in game development, the company&#39;s ability to execute its strategic initiatives will be crucial. More conservative investors may prefer to wait for clearer signs of a turnaround in the advertising business and improved financial performance before committing capital. For current shareholders, holding onto Unity stock may be a prudent strategy. Potential buyers, however, may want to exercise patience. Unity Software currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2347761/unity-software-tanks-48-ytd-how-should-you-play-the-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2347761">To read this article on Zacks.com click here.</a>

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Unity Software Tanks 48% YTD: How Should You Play the Stock?

High-rolling investors have positioned themselves bearish on AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in APP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for AppLovin. This is not a typical pattern.
The sentiment among these major traders is split, with 30% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $50,000, and 9 calls, totaling $739,438.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $150.0 for AppLovin over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AppLovin's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AppLovin's whale trades within a strike price range from $2.5 to $150.0 in the last 30 days. 
<h3>AppLovin Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728310705_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$139.2</td>
<td>$136.2</td>
<td>$136.99</td>
<td>$2.50</td>
<td>$342.4K</td>
<td>12</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$37.0</td>
<td>$34.7</td>
<td>$35.63</td>
<td>$110.00</td>
<td>$114.0K</td>
<td>3.3K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$72.9</td>
<td>$71.3</td>
<td>$72.0</td>
<td>$70.00</td>
<td>$57.6K</td>
<td>113</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$10.0</td>
<td>$9.3</td>
<td>$10.0</td>
<td>$136.00</td>
<td>$50.0K</td>
<td>0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$91.3</td>
<td>$89.6</td>
<td>$90.25</td>
<td>$50.00</td>
<td>$45.1K</td>
<td>216</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
<h3>Where Is AppLovin Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 711,038, with APP's price down by -0.73%, positioned at $138.65.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $134.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS has elevated its stance to Buy, setting a new price target at $145. 
&#x2A; Reflecting concerns, an analyst from Macquarie lowers its rating to Outperform with a new price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on AppLovin with a target price of $150. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for AppLovin, targeting a price of $108. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on AppLovin, maintaining a target price of $120. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AppLovin, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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