Applovin and Baidu See Heavy Put Volume in Latest Options Activity
Benzinga data shows Applovin and Baidu facing significant bearish option flow, while Meta and Google trade show mixed directional signals.
Key points
- Applovin put options at a $710 strike totaled $87,200 in premium, signaling strong bearish sentiment.
- Baidu saw 249 put contracts traded at a $65 strike, with a total premium of $27,600.
- Meta and Google showed mixed activity, with Meta seeing a $28,900 put sweep and Google a $41,800 call trade.
Applovin and Baidu recorded the largest single-day option flows in the communication services sector, according to Benzinga. The data highlights a distinct shift toward bearish positioning in these two names, with total premium exchanged exceeding $114,000 across their respective put trades.
The activity stands in contrast to Google, which saw bullish call interest, and Meta, which experienced a bearish sweep. These transactions indicate that large institutional players are actively hedging or taking directional bets on the sector's near-term performance.
Applovin faces significant bearish premium
Applovin saw three put contracts traded at a $710.00 strike price, expiring January 15, 2027. The total premium for this bearish position was $87,200, representing a per-contract cost of $29,070. This trade occurred against a background of only 76 open interest contracts at that specific strike.
Baidu sees high volume put buying
Baidu recorded a high volume of 249 put contracts at a $65.00 strike, expiring January 15, 2027. The total cost to the writer was $27,600, with a per-contract price of $139.00. This volume was significant relative to the existing 534 open interest contracts at the same strike.
Meta and Google show mixed signals
Meta experienced a put sweep of 20 contracts at a $470.00 strike, expiring December 18, 2026. The total premium was $28,900, split across three separate executions to fill the order. Meanwhile, Google saw 10 call contracts traded at a $335.00 strike, expiring December 18, 2026, with a total premium of $41,800.
