AppLovin (APP) Protective Put Calculator

Calculator · free · no signup · APP

Price a protective put, zero-cost collar, or put spread on AppLovin. Annual cost, max loss, upside cap, tax treatment, auto-filled from current APP option chain.

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About AppLovin

AppLovin (APP) is a public Marketing company, incorporated in Delaware and headquartered in Palo Alto, CA.

Last close: $307.26 per share (as of 2026-08-19).

Equity grants at AppLovin typically include restricted stock units (RSUs).

AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms, SSP MAX; DSP AppDiscovery; and SparkLabs creative studio. The company also invests in various mobile game publishers.

Source: Wikipedia (CC BY-SA 4.0)

Adam Foroughi and co-founders started the company in 2012 helping mobile developers buy users, then built the advertising infrastructure underneath it and for years also owned the games that ran on it. Selling the games studios in 2025 completed a shift to being purely an advertising platform, where machine-learning bidding models decide which ad to show and at what price. The economics are those of an auction marketplace: better prediction produces better targeting, which attracts more spend, which produces more training data. Expansion beyond gaming into e-commerce advertising is the current growth thesis. Headquarters are in Palo Alto, California.

Sources: sec.gov · en.wikipedia.org

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by AppLovin.

A protective put caps your downside on the APP position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current APP option chain, with annual cost, max loss, and tax-treatment notes.

Example: a 5,000-share APP position at $307.26 is worth $1,536,300. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $30,726 to $61,452) before any premium offset from a short call. The calculator prices both structures off APP's current option chain so you see the actual cost for your chosen floor, tenor, and cap.

All AppLovin tools → · Use the generic Protect Your Stock Calculator for any company.

AppLovin equity questions

How much does it cost to hedge APP stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and APP's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current APP option chain and shows the annual cost, maximum loss, and tax treatment.
Does AppLovin grant ISOs, NSOs, or RSUs?
Equity compensation at AppLovin typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
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