$APP 20250808 280.0 PUT$ I closed 2 lot(s)
$APP 20250808 280.0 PUT$ ,AppLovin (APP) is drawing major attention — and for good reason. Rumors around the S&P 500 inclusion have been swirling ever since the Paramount–Skydance merger raised questions about Paramount’s continued eligibility. That merger could create a vacancy in the index — and leading contenders for that spot include AppLovin and Robinhood, both strong in scale and visibility. On the fundamentals front, AppLovin just delivered a blockbuster Q2 report: • Earnings per share: $2.39, beating expectations by about 23%. • Revenue: $1.26 billion, up 77% year over year. Shares surged 12%, closing at $437.34, after breaking out from a “cup base” technical pattern. Despite the pop, things have settled since earnings — my cash-secured put (CSP) opened two weeks ago has been thoroughly crushed, allowing me to keep the full premium. I’m also carrying a naked short call, so now more than ever, I’ll be glued to price action — hoping the stock stabilizes rather than running parabolic.
AppLovin (APP) is drawing major attention — and for good reason.
Rumors around the S&P 500 inclusion have been swirling ever since the Paramount–Skydance merger raised questions about Paramount’s continued eligibility. That merger could create a vacancy in the index — and leading contenders for that spot include AppLovin and Robinhood, both strong in scale and visibility.
On the fundamentals front, AppLovin just delivered a blockbuster Q2 report:
• Earnings per share: $2.39, beating expectations by about 23%.
• Revenue: $1.26 billion, up 77% year over year.
Shares surged 12%, closing at $437.34, after breaking out from a “cup base” technical pattern.
Despite the pop, things have settled since earnings — my cash-secured put (CSP) opened two weeks ago has been thoroughly crushed, allowing me to keep the full premium. I’m also carrying a naked short call, so now more than ever, I’ll be glued to price action — hoping the stock stabilizes rather than running parabolic.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments