IBM (IBM) experienced notable options activity, with 18,542 contracts traded, representing 48.3% of its average daily trading volume; the $255 strike put option expiring May 2025 saw particularly high volume. Similarly, Applovin Corp (APP) options showed significant activity with 33,996 contracts traded, equating to 48.1% of its average daily trading volume, and the $350 strike call option expiring May 2025 was especially active.
International Business Machines (IBM) and Applovin Corp (APP) have both registered notable options trading activity, with volumes reaching 48.3% and 48.1% of their respective average daily share trading volumes over the past month. For IBM, 18,542 contracts, equivalent to approximately 1.9 million underlying shares, were traded. A significant concentration was observed in the May 30, 2025, $255 strike put options, with 1,832 contracts changing hands, representing approximately 183,200 underlying shares. This activity suggests potential hedging strategies or bearish speculation targeting this price level for IBM by mid-2025. Concurrently, Applovin saw 33,996 options contracts traded, representing about 3.4 million underlying shares. Notably, the May 23, 2025, $350 strike call option was particularly active, with 2,459 contracts traded, equivalent to approximately 245,900 underlying shares, indicating possible bullish positioning or upside hedging for APP towards this strike. While the provided sentiment signals are neutral, the specific, high-volume activity in these long-dated options points to focused investor interest or strategic plays around these particular strike prices and future expiry dates, warranting attention despite a low overall market impact score for the news itself.
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