Moderately bullish activity in Applovin with shares up 1.38%

Moderately bullish activity in Applovin (APP), with shares up $8.85, or 1.38%, near $652.35. Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.91. Implied volatility (IV30) is higher by 0.1 points near 54.66,in the lowest 10% of observations over the past year, suggesting an expected daily move of $22.46. Put-call skew steepened, indicating increased demand for downside protection.