Long Call Butterflies for Pinning
Call Butterfly1 trade passes on APP
- Return on risk
- 455.6%
- Probability of profit
- 49.2%
AppLovin Corp · Technology
In the app, stock prices are live and options data is refreshed intraday.
APP last closed at $409.10 with 30-day implied volatility of 57.2%. That is near the bottom of its one-year range (IV rank 14), so options on APP are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 24% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $65.15, or 15.9%.
The price is above both its 50-day (+35.4%) and 200-day (+0.2%) moving averages. It is 44.2% below its 52-week high and 79.0% above its 52-week low. The 14-day RSI of 72.5 is over 70, a level often described as overbought. The 14-day average true range is $21.97, about 5.4% of the price, a measure of a typical day's range.
Option volume at the close (50.8K contracts) was 1.1x its average, close to normal. A beta of 1.49 means APP has tended to move about 1.5 times as much as the broad market. 1 of our preset screen found trades on APP at the close, led by Long Call Butterflies for Pinning with 1 trade.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 59.7% | ±$33.82 (8.3%) | $375.28 to $442.92 | $27.00 |
| Dec 11, 202628 days | 57.5% | ±$65.15 (15.9%) | $343.95 to $474.25 | $51.90 |
| Jan 15, 202763 days | 57.2% | ±$97.29 (23.8%) | $311.81 to $506.39 | $77.25 |
| Feb 19, 202798 days | 65.1% | ±$138.01 (33.7%) | $271.09 to $547.11 | $109.10 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for APP from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
1 trade passes on APP
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.