Stock Markets July 13, 2026 03:59 PM

AppLovin Options Activity Surges to 46,713 Contracts by Mid-Afternoon

Call and put volumes nearly even as several long-dated strikes drew outsized attention

By Marcus Reed
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Options trading in AppLovin Corp. reached 46,713 contracts by 3:40 p.m. New York time on Monday, split almost evenly between calls and puts. Several July and August 2026 strikes recorded the largest single-contract trades, with the July 17, 2026 $400 put the most active contract by volume and varied open interest profiles across the top strikes.

AppLovin Options Activity Surges to 46,713 Contracts by Mid-Afternoon
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Key Points

  • Total options volume for AppLovin reached 46,713 contracts by 3:40 p.m. New York time on Monday, split nearly evenly between calls (23,567) and puts (23,146).
  • The July 17, 2026 $400 put was the single most actively traded contract with 2,576 contracts and 1,227 contracts of open interest.
  • Top activity centered on July and August 2026 expirations, affecting the technology company and derivatives market participants tracking AppLovin positions.

Overview

Options activity tied to AppLovin Corp. totaled 46,713 contracts as of 3:40 p.m. New York time on Monday, based on exchange data compiled by Bloomberg. The total volume was nearly evenly divided between bullish and bearish option types, with call options representing 23,567 contracts and puts accounting for 23,146 contracts.


Most Active Contracts

The single most active option during the session was the July 17, 2026 $400 put, which saw 2,576 contracts trade and showed open interest of 1,227 contracts. Other notable July 17, 2026 activity included the $500 call with 1,321 contracts traded and open interest of 740 contracts, and the $550 call which posted 1,308 contracts traded and an open interest figure of 950 contracts.

Activity was not confined to the July 17 expiration. The August 7, 2026 $300 put recorded 1,292 contracts traded while showing a relatively small open interest of 5 contracts. The July 17, 2026 $380 put also registered significant volume, with 1,145 contracts traded and open interest of 439 contracts.


Market Context and Observations

The session's aggregated volume and the distribution between calls and puts reflect concentrated trading in a handful of strikes tied to July and August 2026 expirations. Open interest levels against traded volumes vary markedly across those strikes, from several-hundred-contract open interest on some series to single-digit open interest on others.

These data points identify which option series attracted the most attention during the trading period and illustrate differences in existing positions versus intraday turnover for those strikes.


Data Source

The reported figures are drawn from exchange data compiled by Bloomberg and reflect activity up to the specified time on Monday.

Risks

  • Disparities between high intraday volume and existing open interest at certain strikes create uncertainty about whether trades represent new positions or transfers of existing exposure - this affects options-market participants and liquidity providers.
  • Concentrated activity in a limited number of strikes and expirations can contribute to short-term volatility in options pricing and hedging needs for market makers and traders tied to AppLovin contracts.

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