Bearish flow noted in Applovin with 6,045 puts trading, or 6x expected. Most active are Nov-23 30 puts and Oct-23 40 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 3.79, while ATM IV is up nearly 6 points on the day. Earnings are expected on November 8th.
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>>
See the top stocks recommended by analysts >>
Read More on APP:
- Unity reconsidering ‘controversial’ Runtime fee policy, says Wedbush
- Jefferies wonders if Unity ‘backtracking incoming’ amid backlash
- Publishers cut off Unity for price hikes that spurred upgrade
- Opco sees ‘substantial reputational damage’ to Unity from pricing changes
- AppLovin price target raised to $57 from $41 at BofA