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Check Out What Whales Are Doing With APO

Author: Benzinga Insights | April 30, 2024 01:01pm

Deep-pocketed investors have adopted a bearish approach towards Apollo Global Management (NYSE:APO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APO usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Apollo Global Management. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 2 are puts, totaling $237,860, and 6 are calls, amounting to $299,505.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $104.0 to $135.0 for Apollo Global Management over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Apollo Global Management's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Apollo Global Management's substantial trades, within a strike price spectrum from $104.0 to $135.0 over the preceding 30 days.

Apollo Global Management Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
APO PUT SWEEP BEARISH 05/10/24 $1.85 $1.8 $1.85 $104.00 $182.2K 1.1K 21
APO CALL TRADE BEARISH 05/17/24 $3.7 $3.5 $3.5 $110.00 $78.7K 586 250
APO CALL SWEEP BULLISH 05/10/24 $6.1 $5.9 $6.0 $105.00 $67.7K 0 113
APO PUT SWEEP BULLISH 05/10/24 $2.35 $2.3 $2.3 $108.00 $55.6K 311 0
APO CALL SWEEP BEARISH 06/21/24 $5.8 $5.7 $5.7 $110.00 $45.6K 811 20

About Apollo Global Management

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

Having examined the options trading patterns of Apollo Global Management, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Apollo Global Management Standing Right Now?

  • With a trading volume of 718,430, the price of APO is down by -1.97%, reaching $108.73.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 2 days from now.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Apollo Global Management, Benzinga Pro gives you real-time options trades alerts.

Posted In: APO

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