Popular Software Stock Could Keep Notching Record Highs
1. AppLovin will join S&P 500 on September 22, replacing MarketAxess. 2. APP gained 11.5% since the announcement, reaching an all-time high of $576.44. 3. Low implied volatility coincides with 77% historical gain rate one month later. 4. Short interest rose 13.7%, accounting for nearly 5% of total float. 5. Put buying has increased, with APP's put/call ratio in the top percentile.