Significant Options Activity on Thursday: SIG, NVDA, APP
NVIDIA Options Trading: NVIDIA Corp (NVDA) experienced a significant options trading volume of 2.1 million contracts, equating to about 212.2 million underlying shares, which is 103.5% of its average daily trading volume. Notably, the $175 strike call option expiring on December 19, 2025, saw 113,771 contracts traded.
Applovin Options Trading: Applovin Corp (APP) recorded an options trading volume of 35,703 contracts, representing approximately 3.6 million underlying shares, or 92.7% of its average daily trading volume. The $700 strike call option expiring on December 19, 2025, had 1,476 contracts traded.
Comparison of Trading Volumes: The trading volumes for both NVDA and APP indicate heightened investor interest, with NVDA's options trading significantly surpassing its average daily volume compared to APP's substantial but lower volume.
Resource for Options Expirations: For more information on various available expirations for SIG, NVDA, or APP options, StockOptionsChannel.com is recommended as a resource.
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AppLovin Shares Drop Amid Google's Project Genie Announcement
- Stock Decline: AppLovin shares fell 11.7% today in response to concerns over Google's Project Genie, a new prototype from DeepMind that enables users to create AI-driven virtual gaming worlds, triggering a sell-off in gaming stocks.
- Business Transformation: The drop in AppLovin's stock is surprising given that the company sold its game development segment last year and now primarily monetizes through its adtech platform, which could benefit from Project Genie if it opens new ad inventory in mobile gaming.
- Market Pressure: AppLovin's stock is also facing pressure from a broader sell-off in software stocks, trading at a high price-to-sales ratio of 31, which raises concerns about its valuation and may affect investor confidence.
- Earnings Expectations: AppLovin is set to report its fourth-quarter earnings on February 11, with analysts expecting a 17.4% revenue growth to $1.61 billion and adjusted earnings per share to rise from $1.73 to $2.95, which could improve market sentiment if results meet expectations.







