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AppLovin Options Volume Surges to Nearly 47,000 Contracts
AppLovin Corp. (NASDAQ: APP) experienced a significant spike in options market activity on Monday, with total trading volume reaching 46,713 contracts by 3:40 p.m. New York time. The trading was nearly evenly split between bearish and bullish bets, suggesting divided sentiment among investors.
Trading Volume in Detail
Exchange data compiled by Bloomberg showed a tight balance between call and put options. The breakdown of the total volume was as follows:
- Call options: 23,567 contracts
- Put options: 23,146 contracts
This level of activity, particularly the near-equal volume on both sides, indicates a lack of strong directional consensus in the options market for AppLovin's stock on a day of notable price movement.
AdMost Active Contracts
Several specific contracts attracted the highest volume, with traders establishing new positions in both near-term puts and calls. The high volume relative to existing open interest in some contracts suggests a surge of new bets being placed.
The most active options included:
- July 17, 2026 $400 Put: 2,576 contracts traded against an open interest of 1,227.
- July 17, 2026 $500 Call: 1,321 contracts traded, compared to open interest of 740.
- July 17, 2026 $550 Call: 1,308 contracts changing hands versus open interest of 950.
- August 7, 2026 $300 Put: 1,292 contracts traded against a very low open interest of just 5 contracts.
- July 17, 2026 $380 Put: 1,145 contracts were traded, with a prior open interest of 439.