Moderately bullish activity in Applovin (APP), with shares up $12.77, or 2.16%, near $602.80. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.9. Implied volatility (IV30) is higher by 1.0 points near 81.27,and above the 52wk median, suggesting an expected daily move of $30.86. Put-call skew steepened, indicating increased demand for downside protection.
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