Applovin (APP) Options Chain

NASDAQ: APPTechnologyComputer Software: Programming Data ProcessingUSD

277.04-3.08 (-1.10%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: May 21, 2027
Days to expiration: 224
Share price: $277.04
Put/call ratio (OI): 3.58
Put/call ratio (volume): 1.00
ATM implied volatility: 67.1%
Expected move: ±$145.53
Open interest (C / P): 526 / 1.88K

APP options summary

The APP options chain for the May 21, 2027 expiration lists 29 call and 34 put contracts, with 224 days until expiration. Open interest stands at 526 calls and 1,882 puts, a put/call ratio of 3.58, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $280.00 strike is 67.1%, which implies the market expects a move of about ±$145.53 (52.5%) in Applovin stock by expiration.

The most open interest sits at the $480.00 call (109 contracts) and the $190.00 put (500 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

APP options chain · May 21, 2027

APP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	79.6%	132.00	125.00	135.60	160.00	6.20	10.50	7.80	67.3%	—	1
2	2	79.6%	120.00	124.30	129.30	165.00	7.60	10.80	9.48	66.6%	1	13
—	—	—	—	—	—	170.00	8.80	12.00	10.20	66.6%	2	4
—	—	—	—	—	—	175.00	9.60	13.70	13.47	66.5%	4	9
—	—	—	—	—	—	180.00	9.80	15.80	14.83	66.0%	4	9
—	—	—	—	—	—	185.00	11.50	16.90	13.00	65.9%	—	2
—	—	—	—	—	—	190.00	12.50	17.60	15.42	64.6%	2	500
2	2	76.1%	136.28	100.30	110.30	195.00	14.50	19.50	16.60	65.2%	1	8
3	1	74.1%	105.50	96.30	105.80	200.00	17.70	20.90	18.70	66.2%	2	385
—	—	—	—	—	—	210.00	18.40	25.60	22.19	64.6%	4	4
—	—	—	—	—	—	220.00	24.70	27.80	26.20	64.9%	9	10
10	—	73.9%	102.10	79.20	89.10	230.00	26.30	32.00	29.90	62.8%	3	40
4	1	73.2%	81.60	73.70	83.60	240.00	31.90	34.60	35.04	62.1%	1	10
8	1	74.7%	79.64	71.70	78.50	250.00	33.40	43.20	38.60	62.2%	10	470
15	10	71.2%	69.50	65.70	70.00	260.00	39.70	48.00	44.40	62.5%	3	15
29	1	71.7%	67.00	59.20	69.00	270.00	43.90	53.40	50.61	61.5%	1	13
APP $277.04
24	10	72.6%	59.00	57.00	64.80	280.00	50.10	58.90	54.29	61.5%	8	21
14	2	72.3%	60.00	53.20	60.70	290.00	54.30	64.20	61.00	59.8%	1	7
22	4	70.4%	50.60	49.00	54.70	300.00	61.90	69.20	66.30	59.7%	2	80
13	3	70.1%	47.00	45.60	51.10	310.00	67.40	77.30	75.37	59.8%	1	7
4	1	69.3%	50.50	39.60	49.60	320.00	75.00	84.80	72.19	60.5%	2	6
7	1	68.9%	43.05	36.40	46.40	330.00	81.00	91.00	82.95	59.3%	2	21
8	5	71.2%	43.00	37.80	43.60	340.00	88.30	98.30	95.00	59.1%	1	22
18	1	70.2%	35.12	32.90	41.80	350.00	95.50	105.50	100.12	58.7%	103	156
16	8	67.0%	36.50	28.70	35.80	360.00	102.70	113.70	106.70	58.6%	1	20
—	—	—	—	—	—	370.00	110.40	121.50	100.10	58.3%	1	2
30	1	69.8%	31.00	27.80	33.10	380.00	—	—	123.59	—	—	—
33	37	68.8%	44.70	23.70	31.60	390.00	126.10	137.40	132.58	57.5%	2	3
21	4	69.3%	29.00	24.30	28.40	400.00	132.50	145.60	141.70	55.9%	—	7
39	4	69.3%	33.11	22.80	26.60	410.00	142.70	153.90	148.50	56.8%	1	9
21	1	68.3%	26.40	19.80	24.90	420.00	—	—	—	—	—	—
17	17	69.1%	34.57	19.70	23.30	430.00	164.00	170.60	171.64	59.0%	1	1
22	1	69.0%	24.59	18.30	21.90	440.00	170.80	177.00	162.46	55.4%	—	1
8	26	68.5%	18.80	14.40	22.60	450.00	181.30	187.90	162.55	58.2%	—	1
13	1	69.0%	20.40	14.80	18.30	470.00	—	—	—	—	—	—
109	20	68.6%	17.30	11.40	19.20	480.00	—	—	—	—	—	—
14	8	70.3%	18.00	13.30	17.60	490.00	213.00	224.50	214.41	52.9%	1	25

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the APP put/call ratio?

For the May 21, 2027 expiration, the APP put/call ratio based on open interest is 3.58 (1,882 puts vs 526 calls), and 1.00 based on today's volume. A ratio above 1 means more puts than calls.

What is APP's implied volatility?

At-the-money implied volatility for APP options expiring May 21, 2027 is about 67.1%, an annualized estimate of how much the market expects Applovin stock to move.

How many APP option expiration dates are there?

APP has 18 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.