Moderately bullish activity in Applovin with shares up 0.98%

Moderately bullish activity in Applovin (APP), with shares up $5.70, or 0.98%, near $587.70. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.98, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 0.6 points near 51.67,in the lowest 10% of observations over the past year, suggesting an expected daily move of $19.13. Put-call skew flattened, suggesting a modestly bullish tone.