APP Option Overview

Applovin Corporation (APP) options traded 46.64K contracts on Nov 11, 2026, below the 20-day average of 52.92K. The put-call ratio was 0.43, signaling bullish options sentiment. 30-day implied volatility was 57.5%, with an IV rank of 16, near the bottom of its one-year range.

About APP

AppLovin is a vertically integrated advertising technology company that serves as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange that facilitates transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the...
Employees
898
Headquarters
Palo Alto, CA
IPO Date
2021
Market Cap
$131.04B
Price-Earnings Ratio
26.14
Dividend Yield
—
Average Volume
5.65M
High Today
$401.00
Low Today
$395.37
Open Price
$400.63
Volume
56.95K
52 Week High
$738.01
52 Week Low
$225.19

Implied Volatility

Implied Volatility (30d)
57.52%
IV Rank
16.23%
IV Percentile
26.59%
Historical Volatility
104.61%
IV Low
47.9% on 12/24/25
IV High
107.16% on 02/05/26

Open Interest

Today's Open Interest
463,112
Put-Call Ratio
0.98
Put Open Interest
229,403
Call Open Interest
233,709
Open Interest Avg (30-day)
416,577
Today vs Open Interest Avg (30-day)
111.17%

Option Volume

Today's Volume
46,636
Put-Call Ratio
0.43
Put Volume
14,130
Call Volume
32,506
Volume Avg (30-day)
50,482
Today vs Volume Avg (30-day)
92.38%

Option Chain Statistics

This table provides a comprehensive overview of all APP options grouped by their expiration dates.

Expiration Volume
Total		 Volume
Put-Call Ratio		 OI
Total		 OI
Put-Call Ratio		 IV Expected Move Max Pain (vs cur)
Nov 13, 2026 1 DTE weekly11/13/26 (w) 1 DTE 21,987 0.31 42,370 0.9 72.9% ±16.38 (4.1%) 360.00 -9.92%
Nov 20, 2026 8 DTE monthly11/20/26 (m) 8 DTE 13,983 0.31 100,484 1.41 62.86% ±30.64 (7.67%) 300.00 -24.93%
Nov 27, 2026 15 DTE weekly11/27/26 (w) 15 DTE 1,150 0.56 12,744 2.43 57.03% ±37.50 (9.38%) 340.00 -14.93%
Dec 04, 2026 22 DTE weekly12/4/26 (w) 22 DTE 394 0.82 5,648 1.98 58.18% ±44.86 (11.22%) 340.00 -14.93%
Dec 11, 2026 29 DTE weekly12/11/26 (w) 29 DTE 197 0.3 1,500 1.65 57.63% ±51.12 (12.79%) 330.00 -17.43%
Dec 18, 2026 36 DTE monthly12/18/26 (m) 36 DTE 3,495 1.81 60,487 0.87 56.86% ±53.42 (13.37%) 340.00 -14.93%
Dec 24, 2026 42 DTE weekly12/24/26 (w) 42 DTE 261 0.63 1,292 1.81 57.47% ±60.90 (15.24%) 350.00 -12.42%
Jan 15, 2027 64 DTE monthly1/15/27 (m) 64 DTE 1,946 1.02 77,163 0.71 55.99% ±71.83 (17.97%) 310.00 -22.43%
Feb 19, 2027 99 DTE monthly2/19/27 (m) 99 DTE 594 1.29 24,895 1.07 63.17% ±101.04 (25.28%) 320.00 -19.93%
Mar 19, 2027 127 DTE monthly3/19/27 (m) 127 DTE 372 0.75 19,686 0.78 61.84% ±113.20 (28.33%) 310.00 -22.43%
May 21, 2027 190 DTE monthly5/21/27 (m) 190 DTE 455 5.07 5,649 2.45 64.19% ±142.94 (35.77%) 350.00 -12.42%
Jun 17, 2027 217 DTE weekly6/17/27 (w) 217 DTE 1,264 0.86 44,915 0.98 63.65% ±150.65 (37.7%) 390.00 -2.41%
Sep 17, 2027 309 DTE monthly9/17/27 (m) 309 DTE 61 1.44 4,064 2.69 64.03% ±181.02 (45.29%) 320.00 -19.93%
Dec 17, 2027 400 DTE monthly12/17/27 (m) 400 DTE 31 0.41 488 0.34 63.73% ±204.40 (51.14%) 340.00 -14.93%
Jan 21, 2028 435 DTE monthly1/21/28 (m) 435 DTE 258 0.57 27,696 0.84 64.4% ±213.50 (53.42%) 350.00 -12.42%
Jun 16, 2028 582 DTE monthly6/16/28 (m) 582 DTE 57 1.38 13,939 0.4 64.3% ±246.14 (61.59%) 370.00 -7.42%
Sep 15, 2028 673 DTE monthly9/15/28 (m) 673 DTE 5 0.25 698 0.18 64.16% ±262.90 (65.78%) 300.00 -24.93%
Dec 15, 2028 764 DTE monthly12/15/28 (m) 764 DTE 47 0.81 13,299 0.63 64.48% ±279.25 (69.87%) 360.00 -9.92%
Jan 19, 2029 799 DTE monthly1/19/29 (m) 799 DTE 79 0.65 6,095 1.1 64.56% ±285.04 (71.32%) 250.00 -37.45%
Totals 46,636 0.43 463,112 0.98

APP Options FAQ

How actively are APP options traded?

32.51K calls and 14.13K puts traded on Nov 11, 2026, 46.64K contracts in total. Over the past 30 days, volume averaged 50.48K contracts per day. The APP option volume chart shows volume by strike and expiration date.

Is APP implied volatility high right now?

Applovin IV rank is 18, so its 30-day implied volatility of 58.4% is near the bottom of its one-year range. Over the past year it ranged from 47.9% on Dec 24, 2025 to 107.2% on Feb 5, 2026. See the APP implied volatility history for a longer view.

What is the APP put/call ratio?

The Applovin put/call volume ratio was 0.43 on Nov 11, 2026, which signals bullish sentiment. The APP open interest chart shows calls and puts at each strike.

What is APP max pain this week?

As of the Nov 11, 2026 close, max pain for Applovin options about one week from expiration was $317.14, 21.6% below the $404.57 close. The APP max pain chart shows it for every expiration date.

What is APP's expected move over the next week?

Based on 7-day implied volatility of 65.3%, options price a move of about ±$36.61 (±9.0%) over the next week, a range of roughly $367.96 to $441.18 from the Nov 11, 2026 close. The APP expected move chart shows it for every expiration date.

What is Applovin Corporation?

AppLovin is a vertically integrated advertising technology company that serves as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange that facilitates transactions between the two.

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