Mixed options sentiment in Applovin (APP), with shares down $20.01 near $579.30. Options volume roughly in line with average with 68k contracts traded and calls leading puts for a put/call ratio of 0.81, compared to a typical level near 0.88. Implied volatility (IV30) dropped 1.23 near 80.53,and above the 52wk median, suggesting an expected daily move of $29.39. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Applovin (APP) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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