Applovin Corporation (APP) currently has an IV rank of 7.7%, which measures where current implied volatility sits relative to its 52-week range.

What is APP max pain?

APP max pain for the nearest expiration is $332.50. Max pain is the strike price where option holders collectively lose the most money at expiration.

What is APP expected move?

APP expected move for the nearest expiration is ±4.3%, derived from options pricing.

Home Options APPOverview

APP

Applovin CorporationClose $307.26EOD only

Max Pain

$332.50

Next expiry Aug 21, 2026

Expected Move

±$13.15

4.3% from close

Price Gap

+25.24

Distance to max pain

IV Rank

Low premium

P/C OI

0.76

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: Aug 18, 2026 close

End-of-day snapshot

This page reflects APP options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Aug 18, 2026 close

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Open Available Reports (4/4)

DEX LongNet Put PremiumExp. Move Wide

GEX NegativeMax Pain AboveIV Low

Gamma Exposure (GEX)

Delta Exposure (DEX)

Expected Move by Expiration

Expiration	DTE	Expected Move	Move %	Lower	Upper
2026-08-21	3	±$13.15	±4.3%	$294.11	$320.41
2026-08-28	10	±$10.60	±3.5%	$296.66	$317.86
2026-09-04	17	±$30.00	±9.8%	$277.26	$337.26
2026-09-11	24	±$33.80	±11.0%	$273.46	$341.06
2026-09-18	31	±$38.45	±12.5%	$268.81	$345.71
2026-09-25	38	±$42.80	±13.9%	$264.46	$350.06

Signals

DEX LongNet Put PremiumExp. Move Wide

GEX NegativeMax Pain AboveIV Low

Quick Stats

Total GEX$-8.9M

Total DEX$8.1M

Net Premium$-110.2M

Max Pain (nearest)$332.50

Key Levels

52-Week Low$303.17

50 DMA$435.24

100 DMA$454.25

200 DMA$504.11

52-Week High$745.61

Upcoming Events

Earnings2026-11-04

Consensus

Primary thesis: **High-volatility pinning within a wide range ($355-$416), with a slight downward drift toward the $390-$400 max pain cluster.** The regime favors selling premium (high IV, positive GEX) with defined risk. Top plays: 1) **43 DTE put spread** (multi-week premium sale), 2) **Reverse calendar** (tactical, pin harvest), 3) **Covered call** (shareholder income). Invalidation: a sustained break outside the 1-week expected move bounds. Limited coverage: 4/4 persona reports available.

Limited coverage (4/4 personas).

Open Consensus→

Strongest Signal: DEX Long
Total GEX: $-0.01B
Total DEX: $8.1M
Expected Move: ±4.3%
Put/Call OI: 0.76
Near Max Pain: $332.50
Flow Tilt: Put-heavy $-110.2M
Spot Price: $307.26

How to Use This Overview

This page compresses the latest market-close snapshot into one high-level decision surface.

What it summarizes

Overview pulls the main options context into one place: dealer positioning, volatility, expected move, max pain, and current report coverage.

Where traders usually go next

Use the chain when you need contract selection, dealer exposure when you want positioning context, and reports when you want a structured setup with entry and risk context.

What to remember

This is a market-close snapshot, so the hierarchy can drift intraday when spot, IV, or headline risk moves quickly.

Treat this page like a map of the close, not a live execution dashboard.

APP

Gamma Exposure (GEX)

Delta Exposure (DEX)

Expected Move by Expiration

APP Quick Anchors