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APP

Applovin CorporationClose $482.28EOD only
Max Pain
$465.00
Next expiry May 22, 2026
Expected Move
±$23.70
4.9% from close
Price Gap
-17.28
Distance to max pain
IV Rank
2
Low premium
P/C OI
0.86
Slightly call-heavy
Consensus
4/4
Partial coverage
Published snapshot: May 20, 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
May 20, 2026 close
Max Pain — APP
Data as of market close May 20, 2026
Open Available Reports (4/4)

Nearest listed expiration 2026-05-22 shows max pain at $465.00 (17.28 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$465.00
Nearest expiry
Expected Move
±$23.70
±4.9%
Days to Expiry
2
Calendar days
Total Call OI
16,226
Nearest expiry
Total Put OI
12,447
Nearest expiry
P/C OI Ratio
0.77
Put-heavy
Spot Price
$482.28
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-05-22
ExpirationMax Pain StrikeLast Updated
2026-05-08$465.005/8/2026, 11:03:06 PM
2026-05-15$455.005/15/2026, 11:05:37 PM
2026-05-22NextUpdated$465.005/20/2026, 11:05:14 PM
2026-05-29$460.005/20/2026, 11:05:14 PM
2026-06-05$465.005/20/2026, 11:05:14 PM
2026-06-12$470.005/20/2026, 11:05:14 PM
2026-06-18$460.005/20/2026, 11:05:14 PM
2026-06-26$470.005/20/2026, 11:05:14 PM
2026-07-17$480.005/20/2026, 11:05:14 PM
2026-08-21$460.005/20/2026, 11:05:14 PM
2026-09-18$470.005/20/2026, 11:05:14 PM
2026-11-20$480.005/20/2026, 11:05:14 PM
2026-12-18$480.005/20/2026, 11:05:14 PM
2027-01-15$460.005/20/2026, 11:05:14 PM
Selected expiration: 2026-05-22 at max pain $465.00.
APP pain by strike for 2026-05-22 expiration
StrikeCall PainPut PainTotal Pain
2000272518500272518500
2050266422000266422000
2150254241000254241000
2200248162000248162000
2350229934000229934000
2400223859000223859000
2500211710000211710000
2600199567000199567000
2650193626000193626000
2700187686500187686500
2750181750000181750000
2800175820500175820500
2850169900000169900000
2900163990000163990000
295500158086000158086500
3001000152186500152187500
3052000146297000146299000
3103000140422500140425500
312.53750137495000137498750
3154500134567750134572250
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.