Tour v394
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SHOPIFY INC A
$112.00 -5.42%
$111.83 (-0.15%)🌙
as of 07/23 07:06 PM
◀ 7/23 19:06 ▶

Option Volume

Detail
ℹ
Current (07/23) 44,032
Calls: 19,656 (45%)
Puts: 24,376 (55%)
Prior (07/22) 37,609
Calls: 21,489 (57%)
Puts: 16,120 (43%)
Current vs Prior +17.08%
Calls: -8.53% (Calls)
Puts: +51.22% (Puts)
Prior 7-Day Total 324,377
Calls: 226,084 (70%)
Puts: 98,293 (30%)
Prior 7-Day Average 46,339
Calls: 32,297 (70%)
Puts: 14,041 (30%)
Current vs Prior 7-Day Avg -4.98%
Calls: -39.14%
Puts: +73.60%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $18.66M
Calls: $5.55M (30%)
Puts: $13.11M (70%)
Prior (07/22) $17.38M
Calls: $9.32M (54%)
Puts: $8.06M (46%)
Current vs Prior +7.31%
Calls: -40.50%
Puts: +62.62%
Prior 7-Day Total $289.18M
Calls: $250.93M (87%)
Puts: $38.25M (13%)
Prior 7-Day Average $41.31M
Calls: $35.85M (87%)
Puts: $5.46M (13%)
Current vs Prior 7-Day Avg -54.84%
Calls: -84.53%
Puts: +139.88%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.24
Prior (07/22) 0.75
Current vs Prior +65.32%
Prior 7-Day Average 0.66
Current vs Prior 7-Day Avg +86.74%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 476,779
Calls: 361,975 (76%)
Puts: 114,804 (24%)
Prior (07/22) 532,593
Calls: 435,702 (82%)
Puts: 96,891 (18%)
Current vs Prior -10.48%
Prior 7-Day Total 3,700,353
Calls: 2,809,285 (76%)
Puts: 891,068 (24%)
Prior 7-Day Average 528,621
Calls: 401,326 (76%)
Puts: 127,295 (24%)
Current vs Prior 7-Day Avg -9.81%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 2.62% | 7.04%16.96% | 23.06%
Prior 4.21% | 7.94%18.18% | 23.63%
Current vs Prior -37.79% | -11.36%-6.69% | -2.39%
Prior 7-Day Avg 4.90% | 8.12%9.60% | 21.56%
Current vs 7-Day Avg -46.57% | -13.38%+76.67% | +6.96%
Prior 7-Day Eod 4.21% | 7.94%18.18% | 23.63%
Current vs 7-Day Eod -37.79% | -11.36%-6.69% | -2.39%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 25.32% | 22.80%
Calls: 22.86% | 34.07%
Puts: 27.78% | 11.54%
Prior 25.32% | 22.80%
Calls: 22.86% | 34.07%
Puts: 27.78% | 11.54%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 14.78% | 10.36%
Calls: 13.23% | 12.75%
Puts: 16.34% | 7.98%
Current vs 7-Day Avg +71.26% | +119.99%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bearish flow with 70% put dollar volume ($13.11M). Bearish P/C ratio of 1.24 indicates protective positioning. P/C ratio rising 65% - increased hedging/bearish positioning. Call-heavy open interest (361,975 calls vs 114,804 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 9 of results (avg 8.3%, best 5.7%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Aug 2115.5517.15$16.359.8%10.73--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 2120.6521.85$21.255.6%100.72258
$116.00Aug 2111.3512.15$11.756.8%510.53--
$115.00Aug 2110.7511.60$11.187.6%190.51445
$100.00Aug 214.154.50$4.338.1%4200.273.6K
$117.00Aug 1411.1512.15$11.658.6%170.5573

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.61, cheapest $0.61)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Jul 310.550.67$0.6119.7%1560.13491
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 124 found (avg delta 0.70, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Jul 2415.1518.60$16.8820.4%40.964
$98.00Jul 2412.3515.25$13.8021.0%80.96--
$94.00Jul 2416.1519.60$17.8819.3%40.951
$102.00Jul 248.2511.55$9.9033.3%10.9557
$103.00Jul 247.2510.65$8.9538.0%10.954
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$121.00Jul 247.8510.40$9.1327.9%1441.003.0K
$126.00Jul 2412.9015.00$13.9515.1%11.0070
$130.00Jul 2416.4519.70$18.0818.0%11.00--
$131.00Jul 2417.3520.85$19.1018.3%301.0027
$122.00Jul 249.0511.45$10.2523.4%3150.98330

Most actively traded options today. High liquidity = easy entry/exit. 323 active (total vol 32.7K, top 2.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$122.00Jul 240.020.14$0.08150.0%2.9K0.042.8K
$119.00Jul 311.161.73$1.4439.6%2.6K0.2633
$125.00Jul 240.020.29$0.16168.7%6310.051.6K
$115.00Jul 240.380.63$0.5149.0%6280.23309
$130.00Aug 72.392.80$2.6015.8%6100.23294
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$104.00Jul 310.901.42$1.1644.8%2.9K0.1964
$116.00Jul 243.704.45$4.0818.4%2.7K0.865.6K
$110.00Jul 240.480.79$0.6448.4%9470.272.5K
$108.00Jul 311.902.59$2.2530.7%8230.3247
$98.00Jul 310.240.47$0.3663.9%7430.07418

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 42 strikes (avg 77.5%, max 235.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$132.00Jul 24Sep 4183.7%69.9%162.7%156607
$133.00Jul 24Aug 28186.3%73.8%152.4%153342
$134.00Jul 24Aug 28187.1%74.2%152.1%63329
$128.00Jul 24Sep 4167.9%71.2%135.8%79875
$129.00Jul 24Sep 4145.7%71.2%104.7%121551
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$90.00Jul 24Aug 28237.3%70.8%235.4%33108
$97.00Jul 24Jul 31231.6%71.9%222.0%2149
$95.00Jul 24Aug 28194.1%70.4%175.7%15926
$96.00Jul 24Jul 31179.9%69.9%157.4%18139
$98.00Jul 24Jul 31158.0%65.0%143.0%751518

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 160 found (best R:R 39.00, avg 3.20)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$128.00$130.00Aug 14$0.15$1.85$0.1512.33$128.15
$130.00$132.00Aug 21$0.20$1.80$0.209.00$130.20
$116.00$117.00Jul 24$0.11$0.89$0.118.09$116.11
$125.00$126.00Jul 24$0.12$0.88$0.127.33$125.12
$120.00$121.00Jul 31$0.12$0.88$0.127.33$120.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$94.00$90.00Jul 24$0.10$3.90$0.1039.00$93.90
$95.00$90.00Jul 31$0.14$4.86$0.1434.71$94.86
$104.00$103.00Jul 24$0.10$0.90$0.109.00$103.90
$95.00$90.00Aug 7$0.53$4.47$0.538.43$94.47
$96.00$95.00Jul 31$0.11$0.89$0.118.09$95.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 207 found (best R:R 14.38, avg 1.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$107.00$108.00Jul 24$0.88$0.88$0.127.33$107.88
$111.00$112.00Aug 28$0.87$0.87$0.136.69$111.87
$114.00$115.00Aug 14$0.82$0.82$0.184.56$114.82
$115.00$116.00Aug 28$0.82$0.82$0.184.56$115.82
$100.00$105.00Jul 31$3.98$3.98$1.023.90$103.98
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$132.00$130.00Jul 31$1.87$1.87$0.1314.38$130.13
$127.00$125.00Jul 31$1.80$1.80$0.209.00$125.20
$119.00$118.00Jul 31$0.89$0.89$0.118.09$118.11
$125.00$123.00Aug 7$1.78$1.78$0.228.09$123.22
$123.00$122.00Jul 24$0.88$0.88$0.127.33$122.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 63 found (avg debit $1.56, cheapest $0.14)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$129.00Jul 24Jul 31$0.19145.7%61.1%
$127.00Jul 24Jul 31$0.23139.8%58.8%
$130.00Jul 24Jul 31$0.25141.7%64.9%
$131.00Jul 24Jul 31$0.27151.3%68.9%
$126.00Jul 24Jul 31$0.34107.0%56.9%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$96.00Jul 24Jul 31$0.14179.9%69.9%
$98.00Jul 24Jul 31$0.21158.0%65.0%
$130.00Jul 24Jul 31$0.25141.7%64.9%
$127.00Jul 24Jul 31$0.30139.8%58.8%
$99.00Jul 24Jul 31$0.38159.7%70.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 112 found (cheapest 2.62% of stock, avg 13.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$112.00Jul 24$1.57$1.36$2.93$109.07$114.932.62%
$111.00Jul 24$2.04$1.00$3.04$107.96$114.042.71%
$113.00Jul 24$1.09$1.98$3.07$109.93$116.072.74%
$110.00Jul 24$2.78$0.64$3.42$106.58$113.423.05%
$114.00Jul 24$0.70$2.75$3.45$110.55$117.453.08%
$115.00Jul 24$0.51$3.45$3.96$111.04$118.963.54%
$116.00Jul 24$0.30$4.08$4.38$111.62$120.383.91%
$108.00Jul 24$4.17$0.26$4.43$103.57$112.433.96%
$107.00Jul 24$5.05$0.13$5.18$101.82$112.184.62%
$117.00Jul 24$0.19$5.20$5.39$111.61$122.394.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.40% of stock, avg 10.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$117.00$108.00Jul 24$0.19$0.26$0.45$107.55$117.45
$116.00$108.00Jul 24$0.30$0.26$0.56$107.44$116.56
$117.00$109.00Jul 24$0.19$0.44$0.63$108.37$117.63
$116.00$109.00Jul 24$0.30$0.44$0.74$108.26$116.74
$115.00$108.00Jul 24$0.51$0.26$0.77$107.23$115.77
$117.00$110.00Jul 24$0.19$0.64$0.83$109.17$117.83
$116.00$110.00Jul 24$0.30$0.64$0.94$109.06$116.94
$115.00$109.00Jul 24$0.51$0.44$0.95$108.05$115.95
$114.00$108.00Jul 24$0.70$0.26$0.96$107.04$114.96
$114.00$109.00Jul 24$0.70$0.44$1.14$107.86$115.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 311 found (best R:R 12.64, avg credit $1.54)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
96/97104/107Jul 24$2.78$0.2212.64$94.22$106.78
105/108111/112Aug 21$2.78$0.2212.64$105.22$113.78
96/97108/110Jul 24$1.84$0.1611.50$95.16$109.84
104/106113/114Sep 4$1.84$0.1611.50$104.16$114.84
104/106128/129Sep 4$1.84$0.1611.50$104.16$129.84
107/108111/112Jul 31$0.90$0.109.00$107.10$111.90
108/109111/112Jul 31$0.90$0.109.00$108.10$111.90
100/101107/109Aug 7$1.80$0.209.00$99.20$108.80
111/112117/118Aug 14$0.90$0.109.00$111.10$117.90
103/104112/113Aug 7$0.89$0.118.09$103.11$112.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 93 found (best R:R 34.71, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$121.00$122.00$123.00Jul 24$0.05$0.9519.00
$129.00$130.00$131.00Jul 24$0.05$0.9519.00
$109.00$110.00$111.00Aug 28$0.05$0.9519.00
$121.00$122.00$123.00Jul 31$0.06$0.9415.67
$112.00$113.00$114.00Jul 31$0.08$0.9211.50
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$90.00$95.00$100.00Aug 28$0.14$4.8634.71
$94.00$95.00$96.00Jul 24$0.05$0.9519.00
$107.00$108.00$109.00Jul 24$0.05$0.9519.00
$119.00$120.00$121.00Jul 31$0.05$0.9519.00
$106.00$107.00$108.00Aug 7$0.05$0.9519.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 81 found (best net $-2.30, 76 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$114.00$124.001:2Sep 4-$2.30$7.70
$100.00$109.001:2Aug 14-$5.30$3.70
$100.00$109.001:2Aug 28-$6.88$2.12
$132.00$134.001:2Jul 31-$0.18$1.82
$130.00$133.001:2Aug 14-$1.59$1.41
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$100.00$95.001:2Aug 7-$0.64$4.36
$95.00$90.001:2Aug 7-$0.79$4.21
$95.00$90.001:2Aug 28-$0.85$4.15
$100.00$95.001:2Aug 14-$0.87$4.13
$95.00$90.001:2Aug 14-$1.04$3.96

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 105 found (best yield 8.21%, avg 3.36%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$112.00Sep 4$9.200.550.0%8.21%8.21%2--
$112.00Aug 28$9.150.540.0%8.17%8.17%1741
$113.00Sep 4$8.850.540.9%7.90%8.79%15--
$114.00Sep 4$8.750.521.8%7.81%9.60%12--
$112.00Aug 21$8.500.540.0%7.59%7.59%32--
$113.00Aug 28$8.500.530.9%7.59%8.48%45
$113.00Aug 21$8.050.520.9%7.19%8.08%10--
$114.00Aug 28$8.050.511.8%7.19%8.97%44
$112.00Aug 14$7.800.530.0%6.96%6.96%1--
$114.00Aug 21$7.600.511.8%6.79%8.57%102

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 19,656
Total Puts 24,376
Put/Call Ratio 1.24
Net Difference -4,720

Prior's Put/Call Breakdown

Total Calls 21,489
Total Puts 16,120
Put/Call Ratio 0.75
Net Difference 5,369

Prior 7-Day Put/Call Summary

Total Calls 226,084
Total Puts 98,293
Average Put/Call Ratio 0.66
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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