Options Activity Highlights for ELF, IBM, and APP

Today’s options trading shows significant interest in e.l.f. Beauty (ELF), IBM, and Applovin (APP). With ELF options volume at 10K+, IBM at 18K+, and APP at 33K+, investors may find these trends pivotal for short-term stock price movements.

Date: 23-05-2025

AI Rating: 7

Options Trading Insights
Recent reports indicate notable options trading activity for e.l.f. Beauty Inc (ELF), International Business Machines Corp (IBM), and Applovin Corp (APP). Specifically, ELF's trading volume reached a significant level with 10,268 contracts being traded, indicating heightened investor interest. This translates to approximately 1.0 million underlying shares, which is 48.6% of ELF's average daily volume of 2.1 million shares over the prior month.
The strong activity surrounding the $80 strike call option for ELF indicates bullish sentiment among traders. Should ELF significantly exceed expected performance metrics, this could yield favorable market reactions and elevate stock prices in the coming months.
Similarly, IBM reported options trading volume of 18,542 contracts, reaching 1.9 million underlying shares, equating to about 48.3% of its average daily trading volume. The large trading volumes for the $255 strike put options suggest some cautious sentiment or hedging strategies among investors regarding potential downward price movements. This uncertainty could put downward pressure on IBM stock in the near term.
Applovin Corp (APP) displayed the highest volume among the three with 33,996 contracts, representing about 3.4 million underlying shares, or 48.1% of its average volume which highlights substantial trading interest. The $350 strike call option could reflect bullish expectations by traders regarding APP's performance. Should APP deliver strong results in the forthcoming reporting period, it might positively influence stock prices.
Overall, while the options trading volumes for these companies indicate varying investor sentiments, the market behavior surrounding them implies potential volatility in the near term, driven by trader sentiment and possible earnings releases. As a professional investor, it's crucial to monitor upcoming earnings announcements and market developments that could align with trading activities revealed in this analysis.

Stocks: ELF IBM APP