Understanding Apollo Global Management: A Deep Dive into Options

Author: Owen Jenkins Updated: 09-10-2024 04:17 PM

Apollo Global Management: Insights on Recent Options Activity

In a notable shift, financial powerhouses have taken a bearish stance on Apollo Global Management, indicated by recent options trading. Analyzing the options history for Apollo Global Management (APO) reveals that out of all trades, a striking 40% remained bullish, whereas 50% exhibited bearish sentiments. Notably, among the trades identified, 6 were puts valued at $323,434, contrasted with 4 calls, which were worth $230,613.

Market Focus: Identifying Price Range

Investors are strategically paying attention to a price range for Apollo Global Management, projected between $75.0 and $120.0 over the last three months. This range becomes apparent when reviewing recent trading volumes and open interest metrics, illuminating the market’s focus and expectations.

Volume and Open Interest Insights

Evaluating the volume and open interest is crucial for discerning the liquidity and investor enthusiasm surrounding Apollo Global Management’s options at specific strike prices. Insights gleaned from the preceding 30 days of volume and open interest data reflect significant fluctuations tied to major trades within an established price spectrum.

Overview of Call and Put Volume (Last 30 Days)

In this period, a mixed bag of activity has surfaced with both calls and puts indicating varied market sentiments. This paints a vivid picture of the trading landscape for Apollo Global Management. From aggressive bullish trades to cautious bearish positions, the market sentiment is notably dynamic.

Highlighted Options Activity

Several trades stand out, reflecting the current sentiment in options trading:

APO Call Option: A bullish sentiment was highlighted by a significant call option trade with a strike price of $120, set to expire on March 21, 2025.
Bearish Put Option: Conversely, a bearish trade was noted with a put option expiring on October 18, 2024, reflecting cautious investor sentiment.
Neutral Position: A neutral outlook was seen in a put option expiring on September 13, 2024, indicating mixed sentiment in the market.

A Closer Look at Apollo Global Management

Apollo Global Management Inc is recognized as a prominent alternative investment manager with engagements across diverse sectors such as chemicals, manufacturing, natural resources, consumer services, and financial sectors. The company's operational structure divides into three segments: Asset Management, Retirement Services, and Principal Investing, with the Retirement Services segment being the primary revenue generator.

Current Market Status of Apollo Global Management

The stock currently trades at $106.61, down 0.92% on a volume of nearly 2.95 million.
Relative Strength Index (RSI) indicators suggest the stock may be nearing overbought territory.
Investors anticipate upcoming earnings, projected to be released in the near future.

Expert Insights: Analysts' Ratings

Within the last month, three seasoned analysts shared their perspectives on Apollo Global Management, averaging a price target of $134.0. Noteworthy recommendations include:

Argus Research maintains a Buy rating with a target price of $125.
Deutsche Bank also holds a Buy rating, closely aligning its target at $124.
Redburn Atlantic has updated its stance to Buy, adjusting the target upwards to $153.

The Risks and Rewards in Options Trading

Options trading is synonymous with increased risk, yet it offers substantial rewards for those willing to engage. Traders who dare to navigate these waters must commit to ongoing education and strategy adjustments while keeping a vigilant eye on market trends.

Frequently Asked Questions

What are the notable recent trades for Apollo Global Management?

Analysis indicates a mix of bullish and bearish trades, with a focus on significant call and put volumes reflecting diverse investor sentiment.

What price range are traders focusing on for Apollo Global Management?

The anticipated price range spans from $75.0 to $120.0 based on recent trading activities over the past three months.

What do expert analysts think about Apollo Global Management's stock?

Analysts recommend a Buy rating, with average price targets suggesting potential growth to between $124 and $153.

What is the current trading volume for Apollo Global Management?

The stock currently trades with a volume of approximately 2,949,396, signifying active trading interest.

What sectors does Apollo Global Management operate in?

Apollo Global Management has a broad operational scope, including sectors such as chemicals, manufacturing, consumer services, and financial services.

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