Tour v487
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SHOPIFY INC A
$117.01 -0.12%
$117.60 (+0.50%)🌙
as of 08/03 06:53 PM
8/3 18:53

Option Volume

Detail
Current (08/03) 40,839
Calls: 18,646 (46%)
Puts: 22,193 (54%)
Prior (07/31) 36,352
Calls: 19,426 (53%)
Puts: 16,926 (47%)
Current vs Prior +12.34%
Calls: -4.02% (Calls)
Puts: +31.12% (Puts)
Prior 7-Day Total 352,263
Calls: 227,769 (65%)
Puts: 124,494 (35%)
Prior 7-Day Average 50,323
Calls: 32,538 (65%)
Puts: 17,784 (35%)
Current vs Prior 7-Day Avg -18.85%
Calls: -42.70%
Puts: +24.79%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/03) $23.11M
Calls: $12.82M (55%)
Puts: $10.29M (45%)
Prior (07/31) $17.46M
Calls: $6.38M (37%)
Puts: $11.09M (63%)
Current vs Prior +32.30%
Calls: +101.05%
Puts: -7.23%
Prior 7-Day Total $193.53M
Calls: $129.27M (67%)
Puts: $64.26M (33%)
Prior 7-Day Average $27.65M
Calls: $18.47M (67%)
Puts: $9.18M (33%)
Current vs Prior 7-Day Avg -16.42%
Calls: -30.58%
Puts: +12.05%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/03) 1.19
Prior (07/31) 0.87
Current vs Prior +36.60%
Prior 7-Day Average 0.96
Current vs Prior 7-Day Avg +23.68%
Sentiment BEARISH

Open Interest

Detail
Current (08/03) 554,568
Calls: 435,131 (78%)
Puts: 119,437 (22%)
Prior (07/31) 600,227
Calls: 449,426 (75%)
Puts: 150,801 (25%)
Current vs Prior -7.61%
Prior 7-Day Total 3,784,577
Calls: 2,872,129 (76%)
Puts: 912,448 (24%)
Prior 7-Day Average 540,653
Calls: 410,304 (76%)
Puts: 130,349 (24%)
Current vs Prior 7-Day Avg +2.57%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 12.73% | 14.15%14.84% | 21.56%
Prior 12.96% | 14.66%15.77% | 21.96%
Current vs Prior -1.73% | -3.49%-5.90% | -1.83%
Prior 7-Day Avg 5.94% | 13.05%16.47% | 22.34%
Current vs 7-Day Avg +114.48% | +8.45%-9.94% | -3.46%
Prior 7-Day Eod 12.96% | 14.66%15.77% | 21.96%
Current vs 7-Day Eod -1.73% | -3.49%-5.90% | -1.83%
Sentiment BULLISHBULLISH

Relative Spread

Detail
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 25.32% | 22.80%
Calls: 22.86% | 34.07%
Puts: 27.78% | 11.54%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Slightly bearish P/C ratio of 1.19. P/C ratio rising 37% - increased hedging/bearish positioning. Call-heavy open interest (435,131 calls vs 119,437 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 34 of results (avg 8.1%, best 4.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 217.407.70$7.554.0%840.49784
$115.00Aug 148.909.40$9.155.5%1670.5727
$120.00Aug 75.856.20$6.035.8%4370.47247
$115.00Aug 78.058.55$8.306.0%1610.58166
$125.00Aug 74.004.25$4.136.1%4020.36695
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$117.00Aug 76.807.35$7.077.8%920.47430
$132.00Aug 716.4517.85$17.158.2%10.7663
$102.00Aug 71.751.91$1.838.7%220.1748
$115.00Sep 48.659.45$9.058.8%30.43241
$115.00Aug 287.958.70$8.329.0%50.4325

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.78, cheapest $0.65)

CALLS (0)
No calls meet the criteria
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$94.00Aug 70.600.69$0.6513.8%540.0764
$95.00Aug 70.680.81$0.7517.3%2470.08594
$97.00Aug 70.861.02$0.9417.0%410.1048

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 72 found (avg delta 0.64, highest 0.91)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$96.00Aug 720.6024.00$22.3015.2%120.911
$97.00Aug 719.7523.15$21.4515.9%110.90--
$96.00Aug 1421.0524.30$22.6814.3%10.881
$100.00Aug 716.6520.50$18.5820.7%2410.86249
$100.00Aug 1417.7520.90$19.3316.3%2760.844
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Aug 722.1525.90$24.0315.6%20.862
$135.00Aug 718.5020.80$19.6511.7%410.8010
$135.00Aug 1418.8521.70$20.2714.1%20.7815
$140.00Sep 424.0527.25$25.6512.5%20.771
$132.00Aug 716.4517.85$17.158.2%10.7663

Most actively traded options today. High liquidity = easy entry/exit. 242 active (total vol 13.4K, top 1.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Aug 72.612.82$2.727.7%1.5K0.274.6K
$140.00Aug 71.021.19$1.1115.3%9330.131.5K
$135.00Aug 71.631.95$1.7917.9%7390.20933
$135.00Aug 142.132.65$2.3921.8%5460.23245
$120.00Aug 75.856.20$6.035.8%4370.47247
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Aug 71.381.60$1.4914.8%5790.14893
$105.00Aug 72.312.60$2.4611.8%5610.221.0K
$95.00Aug 211.341.61$1.4818.2%4680.122.2K
$97.00Aug 140.722.34$1.53105.9%2790.137
$95.00Aug 70.680.81$0.7517.3%2470.08594

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 65 strikes (avg 89.7%, max 142.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$118.00Aug 7Sep 11149.9%68.2%119.8%18695
$120.00Aug 7Sep 11150.6%69.2%117.5%439247
$130.00Aug 7Sep 11146.1%67.7%115.8%1.5K4.6K
$100.00Aug 7Sep 4155.1%72.2%114.9%251249
$138.00Aug 7Sep 11148.1%69.3%113.8%4677
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$95.00Aug 7Sep 11154.1%63.6%142.3%249598
$115.00Aug 7Sep 11149.5%64.5%131.7%95778
$100.00Aug 7Sep 11155.1%68.3%127.0%591910
$111.00Aug 7Sep 4151.9%67.0%126.8%80194
$118.00Aug 7Sep 11149.9%68.2%119.8%148577

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 162 found (best R:R 9.00, avg 2.55)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$130.00$132.00Aug 14$0.22$1.78$0.228.09$130.22
$129.00$130.00Aug 14$0.12$0.88$0.127.33$129.12
$137.00$140.00Sep 4$0.36$2.64$0.367.33$137.36
$127.00$130.00Aug 21$0.37$2.63$0.377.11$127.37
$136.00$137.00Aug 7$0.13$0.87$0.136.69$136.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$100.00$98.00Aug 14$0.20$1.80$0.209.00$99.80
$97.00$96.00Aug 7$0.11$0.89$0.118.09$96.89
$120.00$119.00Aug 14$0.11$0.89$0.118.09$119.89
$104.00$103.00Aug 7$0.12$0.88$0.127.33$103.88
$112.00$110.00Aug 14$0.25$1.75$0.257.00$111.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 194 found (best R:R 22.08, avg 1.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$97.00$100.00Aug 7$2.87$2.87$0.1322.08$99.87
$115.00$117.00Sep 4$1.80$1.80$0.209.00$116.80
$96.00$97.00Aug 7$0.85$0.85$0.155.67$96.85
$116.00$117.00Aug 14$0.84$0.84$0.165.25$116.84
$96.00$100.00Aug 14$3.35$3.35$0.655.15$99.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$140.00$135.00Aug 7$4.38$4.38$0.627.06$135.62
$135.00$132.00Aug 7$2.50$2.50$0.505.00$132.50
$113.00$111.00Sep 4$1.62$1.62$0.384.26$111.38
$135.00$132.00Aug 14$2.42$2.42$0.584.17$132.58
$135.00$128.00Aug 21$5.45$5.45$1.553.52$129.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 65 found (avg debit $0.93, cheapest $0.25)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$96.00Aug 7Aug 14$0.38152.5%102.3%
$137.00Aug 7Aug 14$0.48146.7%97.5%
$127.00Aug 7Aug 14$0.55146.0%95.9%
$134.00Aug 7Aug 14$0.58147.1%98.5%
$135.00Aug 7Aug 14$0.60146.5%98.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$112.00Aug 7Aug 14$0.25152.2%93.5%
$100.00Aug 7Aug 14$0.34155.1%99.3%
$95.00Aug 7Aug 14$0.38154.1%103.0%
$98.00Aug 7Aug 14$0.50153.8%103.3%
$108.00Aug 7Aug 14$0.53152.9%98.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 62 found (cheapest 12.24% of stock, avg 15.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$117.00Aug 7$7.25$7.07$14.32$102.68$131.3212.24%
$115.00Aug 7$8.30$6.15$14.45$100.55$129.4512.35%
$118.00Aug 7$6.85$7.65$14.50$103.50$132.5012.39%
$116.00Aug 7$7.95$6.60$14.55$101.45$130.5512.43%
$113.00Aug 7$9.38$5.20$14.58$98.42$127.5812.46%
$119.00Aug 7$6.35$8.30$14.65$104.35$133.6512.52%
$120.00Aug 7$6.03$8.85$14.88$105.12$134.8812.72%
$121.00Aug 7$5.53$9.45$14.98$106.02$135.9812.80%
$110.00Aug 7$10.85$4.20$15.05$94.95$125.0512.86%
$122.00Aug 7$5.25$10.10$15.35$106.65$137.3513.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 7.70% of stock, avg 12.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$130.00$100.00Sep 11$5.63$3.38$9.01$90.99$139.01
$123.00$114.00Aug 7$4.85$5.82$10.67$103.33$133.67
$123.00$115.00Aug 7$4.85$6.15$11.00$104.00$134.00
$122.00$114.00Aug 7$5.25$5.82$11.07$102.93$133.07
$125.00$100.00Sep 11$7.85$3.38$11.23$88.77$136.23
$126.00$108.00Aug 28$6.00$5.30$11.30$96.70$137.30
$124.00$100.00Sep 11$7.93$3.38$11.31$88.69$135.31
$121.00$114.00Aug 7$5.53$5.82$11.35$102.65$132.35
$122.00$115.00Aug 7$5.25$6.15$11.40$103.60$133.40
$123.00$116.00Aug 7$4.85$6.60$11.45$104.55$134.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 297 found (best R:R 15.67, avg credit $1.76)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
108/110125/126Sep 4$1.88$0.1215.67$108.12$126.88
101/102115/117Aug 21$1.83$0.1710.76$100.17$116.83
111/113124/125Sep 4$1.82$0.1810.11$111.18$125.82
113/115130/132Sep 4$1.82$0.1810.11$113.18$131.82
105/106114/115Aug 14$0.90$0.109.00$105.10$114.90
97/98116/117Aug 7$0.89$0.118.09$97.11$116.89
98/99116/117Aug 7$0.89$0.118.09$98.11$116.89
106/108118/119Aug 28$1.77$0.237.70$106.23$119.77
117/118130/132Sep 4$1.77$0.237.70$116.23$131.77
100/101105/106Aug 7$0.88$0.127.33$100.12$105.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 52 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$117.00$118.00$119.00Sep 4$0.05$0.9519.00
$119.00$120.00$121.00Aug 14$0.07$0.9313.29
$129.00$130.00$131.00Aug 7$0.08$0.9211.50
$132.00$133.00$134.00Aug 7$0.08$0.9211.50
$126.00$127.00$128.00Aug 7$0.10$0.909.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$119.00$120.00$121.00Aug 7$0.05$0.9519.00
$120.00$121.00$122.00Aug 7$0.05$0.9519.00
$117.00$118.00$119.00Aug 7$0.07$0.9313.29
$96.00$97.00$98.00Aug 7$0.08$0.9211.50
$100.00$101.00$102.00Aug 7$0.08$0.9211.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 31 found (best net $-2.55, 30 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$100.00$110.001:2Aug 14-$3.83$6.17
$130.00$138.001:2Sep 11-$2.23$5.77
$100.00$110.001:2Sep 4-$7.31$2.69
$107.00$115.001:2Aug 28-$6.00$2.00
$125.00$130.001:2Sep 11-$3.41$1.59
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$140.00$124.001:2Sep 4-$2.55$13.45
$125.00$116.001:2Aug 28-$3.37$5.63
$100.00$95.001:2Sep 11-$0.20$4.80
$100.00$95.001:2Aug 21-$0.66$4.34
$100.00$95.001:2Sep 4-$0.97$4.03

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 96 found (best yield 7.99%, avg 3.80%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$118.00Sep 4$9.350.530.8%7.99%8.84%91
$118.00Aug 28$9.000.520.8%7.69%8.54%11107
$118.00Sep 11$8.950.530.8%7.65%8.50%2--
$120.00Sep 4$8.450.502.6%7.22%9.78%65
$120.00Sep 11$8.350.502.6%7.14%9.69%2--
$119.00Sep 4$8.250.511.7%7.05%8.75%2--
$120.00Aug 28$8.100.492.6%6.92%9.48%7183
$118.00Aug 21$8.000.520.8%6.84%7.68%22417
$121.00Sep 11$7.800.493.4%6.67%10.08%3--
$121.00Aug 28$7.650.473.4%6.54%9.95%8--

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 18,646
Total Puts 22,193
Put/Call Ratio 1.19
Net Difference -3,547

Prior's Put/Call Breakdown

Total Calls 19,426
Total Puts 16,926
Put/Call Ratio 0.87
Net Difference 2,500

Prior 7-Day Put/Call Summary

Total Calls 227,769
Total Puts 124,494
Average Put/Call Ratio 0.96
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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