Popular Software Stock Could Keep Notching Record Highs

Group 1 - AppLovin (APP) will be added to the S&P 500 Index on September 22, replacing MarketAxess Holdings (MKTX) [1] - Following the announcement, AppLovin's stock surged by 11.5% on September 8 and reached an all-time high of $576.44, with a year-over-year gain of 538.8% [1][2] - The stock is currently experiencing low implied volatility, with a Schaeffer's Volatility Index (SVI) of 53%, ranking in the 12th percentile of its annual range [2] Group 2 - Historical data shows that after similar low volatility conditions, AppLovin's stock has increased 77% of the time over the past five years, averaging a 12.1% gain one month later [2] - Short interest in AppLovin has risen by 13.7% recently, with 11.65 million shares sold short, representing nearly 5% of the stock's total float [4] - The 10-day put/call ratio for AppLovin is 0.98, placing it in the 86th percentile of annual readings, indicating increased put buying activity [5] Group 3 - AppLovin's stock has consistently outperformed volatility expectations, as indicated by a Schaeffer's Volatility Scorecard (SVS) score of 87 out of 100 [6]