Deep-pocketed investors have adopted a bullish approach towards AppLovin (NASDAQ:APP), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 40 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 7% bearish. Among these notable options, 22 are puts, totaling $2,400,536, and 18 are calls, amounting to $2,428,519.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $1100.0 for AppLovin over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for AppLovin options trades today is 395.84 with a total volume of 1,255.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AppLovin's big money trades within a strike price range of $100.0 to $1100.0 over the last 30 days.
AppLovin Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APP | CALL | SWEEP | BULLISH | 01/16/26 | $570.0 | $565.4 | $570.0 | $100.00 | $1.3M | 183 | 24 |
| APP | PUT | SWEEP | BULLISH | 06/18/26 | $203.2 | $203.0 | $203.2 | $810.00 | $670.3K | 4 | 36 |
| APP | PUT | SWEEP | BULLISH | 06/18/26 | $161.5 | $156.0 | $158.0 | $740.00 | $347.6K | 10 | 44 |
| APP | PUT | SWEEP | NEUTRAL | 06/18/26 | $183.8 | $182.0 | $183.8 | $780.00 | $312.7K | 2 | 20 |
| APP | PUT | SWEEP | BULLISH | 03/20/26 | $128.5 | $122.0 | $124.6 | $740.00 | $249.4K | 43 | 22 |
About AppLovin
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Having examined the options trading patterns of AppLovin, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
AppLovin's Current Market Status
- With a trading volume of 257,980, the price of APP is down by -1.06%, reaching $668.01.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 57 days from now.
Expert Opinions on AppLovin
2 market experts have recently issued ratings for this stock, with a consensus target price of $817.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Benchmark keeps a Buy rating on AppLovin with a target price of $775. * Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on AppLovin with a target price of $860.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AppLovin, Benzinga Pro gives you real-time options trades alerts.
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