52-Week High Alert: Trading today’s movement in APPLOVIN CORPORATION CLASS A COMMON STOC $APP

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Bull Put Spread trade opportunity for APPLOVIN CORPORATION CLASS A COMMON STOC (APP) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

APP was recently trading at $89.90 and has an implied volatility of 47.58% for this period. Based on an analysis of the options available for APP expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $89.90-$92.46 at expiration. In this scenario, the average linear return for the trade would be 24.93%.

52 week high: APPLOVIN CORPORATION CLASS A COMMON STOC recently reached a new 52-week high at $90.21. APP had traded in the range $49.41-$90.03 over the past year.

Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if APP maintains its current direction and does not revert back to pricing on the bearish side of $89.90 on 15-Oct-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if APPLOVIN CORPORATION CLASS A COMMON STOC closes at or above $89.00 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 64.01% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.