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Apollo Global Management Unusual Options Activity

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Investors with significant funds have taken a bullish position in Apollo Global Management APO, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in APO usually indicates foreknowledge of upcoming events.

Today, Benzinga’s options scanner identified 9 options transactions for Apollo Global Management. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 66% being bullish and 33% bearish. Of all the options we discovered, 8 are puts, valued at $809,841, and there was a single call, worth $78,750.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $115.0 for Apollo Global Management during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Apollo Global Management’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apollo Global Management’s whale trades within a strike price range from $90.0 to $115.0 in the last 30 days.

Apollo Global Management Option Volume And Open Interest Over Last 30 Days

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Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
APO PUT SWEEP BULLISH 02/16/24 $100.00 $175.8K 1.0K 1.5K
APO PUT SWEEP BULLISH 02/16/24 $100.00 $126.7K 1.0K 430
APO PUT SWEEP BULLISH 06/21/24 $100.00 $126.4K 42 186
APO PUT SWEEP BEARISH 02/16/24 $100.00 $123.7K 1.0K 856
APO PUT SWEEP BEARISH 06/21/24 $100.00 $112.2K 42 351

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.

Following our analysis of the options activities associated with Apollo Global Management, we pivot to a closer look at the company’s own performance.

Apollo Global Management’s Current Market Status

  • With a volume of 594,875, the price of APO is down 0.0% at $99.98.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 13 days.

Professional Analyst Ratings for Apollo Global Management

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $108.0.

  • In a cautious move, an analyst from TD Cowen downgraded its rating to Outperform, setting a price target of $115.
  • Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Apollo Global Management with a target price of $99.
  • An analyst from Wells Fargo persists with their Overweight rating on Apollo Global Management, maintaining a target price of $110.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Apollo Global Management options trades with real-time alerts from Benzinga Pro.

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