Tour v526
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SHOPIFY INC A
$149.25 +1.41%
$148.77 (-0.32%)🌙
as of 08/21 07:06 PM
8/21 19:06

Option Volume

Detail
Current (08/21) 49,092
Calls: 26,667 (54%)
Puts: 22,425 (46%)
Prior (08/20) 35,652
Calls: 22,613 (63%)
Puts: 13,039 (37%)
Current vs Prior +37.70%
Calls: +17.93% (Calls)
Puts: +71.98% (Puts)
Prior 7-Day Total 236,493
Calls: 151,638 (64%)
Puts: 84,855 (36%)
Prior 7-Day Average 33,784
Calls: 21,662 (64%)
Puts: 12,122 (36%)
Current vs Prior 7-Day Avg +45.31%
Calls: +23.10%
Puts: +84.99%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/21) $22.96M
Calls: $17.42M (76%)
Puts: $5.54M (24%)
Prior (08/20) $22.31M
Calls: $16.71M (75%)
Puts: $5.60M (25%)
Current vs Prior +2.92%
Calls: +4.28%
Puts: -1.15%
Prior 7-Day Total $158.29M
Calls: $121.11M (77%)
Puts: $37.19M (23%)
Prior 7-Day Average $22.61M
Calls: $17.30M (77%)
Puts: $5.31M (23%)
Current vs Prior 7-Day Avg +1.53%
Calls: +0.71%
Puts: +4.19%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/21) 0.84
Prior (08/20) 0.58
Current vs Prior +45.84%
Prior 7-Day Average 0.56
Current vs Prior 7-Day Avg +49.07%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/21) 501,392
Calls: 366,043 (73%)
Puts: 135,349 (27%)
Prior (08/20) 501,798
Calls: 362,743 (72%)
Puts: 139,055 (28%)
Current vs Prior -0.08%
Prior 7-Day Total 4,067,721
Calls: 3,088,704 (76%)
Puts: 979,017 (24%)
Prior 7-Day Average 581,103
Calls: 441,243 (76%)
Puts: 139,859 (24%)
Current vs Prior 7-Day Avg -13.72%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 0.93% | 5.01%0.93% | 11.52%
Prior 2.41% | 5.66%2.41% | 11.64%
Current vs Prior +108.37% | +24.42%-61.28% | -0.98%
Prior 7-Day Avg 3.71% | 6.34%4.52% | 12.34%
Current vs 7-Day Avg +35.11% | +11.07%-79.37% | -6.60%
Prior 7-Day Eod 2.41% | 5.66%2.41% | 11.64%
Current vs 7-Day Eod +108.37% | +24.42%-61.28% | -0.98%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 13.13% | 20.36%
Calls: 12.93% | 28.55%
Puts: 13.33% | 12.17%
Prior 13.13% | 20.36%
Calls: 12.93% | 28.55%
Puts: 13.33% | 12.17%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 13.13% | 20.36%
Calls: 12.93% | 28.55%
Puts: 13.33% | 12.17%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($17.42M) vs puts ($5.54M). P/C ratio rising 46% - increased hedging/bearish positioning. Call-heavy open interest (366,043 calls vs 135,349 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
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 11 of results (avg 7.1%, best 2.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Sep 185.055.20$5.132.9%6340.413.1K
$150.00Sep 187.007.35$7.184.9%9000.517.2K
$135.00Aug 2113.9014.70$14.305.6%1011.005.5K
$120.00Sep 1828.9030.75$29.836.2%20.95--
$160.00Sep 183.403.65$3.537.1%3.3K0.3182.2K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Sep 183.203.45$3.337.5%440.281.6K
$150.00Sep 187.207.80$7.508.0%220.49655
$177.50Sep 427.3029.95$28.639.3%100.9464

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

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 131 found (avg delta 0.81, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Aug 2128.6531.10$29.888.2%171.00857
$123.00Aug 2124.8527.05$25.958.5%31.00181
$125.00Aug 2123.2025.55$24.389.6%361.001.4K
$130.00Aug 2117.3020.20$18.7515.5%1421.001.7K
$135.00Aug 2113.9014.70$14.305.6%1011.005.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$152.50Aug 212.655.25$3.9565.8%180.99418
$155.00Aug 215.306.00$5.6512.4%90.99119
$170.00Aug 2819.8022.35$21.0812.1%220.975
$150.00Aug 210.221.94$1.08159.3%2.3K0.942.4K
$177.50Sep 427.3029.95$28.639.3%100.9464

Most actively traded options today. High liquidity = easy entry/exit. 290 active (total vol 39.5K, top 4.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Sep 183.403.65$3.537.1%3.3K0.3182.2K
$155.00Aug 281.311.48$1.4012.1%2.7K0.27409
$150.00Aug 282.973.30$3.1410.5%2.5K0.472.6K
$150.00Aug 210.000.03$0.02150.0%1.6K0.064.4K
$170.00Aug 280.050.16$0.11100.0%1.4K0.03568
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Aug 280.490.76$0.6342.9%4.1K0.14294
$150.00Aug 210.221.94$1.08159.3%2.3K0.942.4K
$145.00Aug 210.000.01$0.01100.0%2.3K0.014.8K
$145.00Aug 281.601.86$1.7315.0%2.0K0.30203
$135.00Aug 280.100.44$0.27125.9%2.0K0.062.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 792.9%, max 2334.8%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$138.00Aug 21Sep 41078.4%44.3%2334.8%6051.2K
$149.00Aug 21Oct 252.8%43.3%22.0%178133
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$149.00Aug 21Oct 252.8%43.3%22.0%73140

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 137 found (best R:R 5.67, avg 3.16)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$133.00$134.00Aug 21$0.15$0.85$0.1595%5.67$133.15
$134.00$135.00Aug 28$0.22$0.78$0.2294%3.55$134.22
$128.00$130.00Aug 28$1.28$0.72$1.2894%0.56$129.28
$146.00$147.00Aug 21$0.40$0.60$0.4099%1.50$146.40
$140.00$141.00Aug 28$0.28$0.72$0.2886%2.57$140.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$139.00$135.00Sep 11$0.48$3.52$0.4821%7.33$138.52
$130.00$125.00Sep 18$0.28$4.72$0.2812%16.86$129.72
$142.00$141.00Aug 28$0.11$0.89$0.1119%8.09$141.89
$144.00$140.00Sep 11$1.03$2.97$1.0333%2.88$142.97
$149.00$148.00Aug 21$0.12$0.88$0.1242%7.33$148.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 88 found (best R:R 0.53, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$170.00$175.00Oct 2$1.54$1.54$3.4676%0.45$171.54
$170.00$172.50Sep 11$0.44$0.44$2.0688%0.21$170.44
$162.50$165.00Sep 25$0.83$0.83$1.6770%0.50$163.33
$150.00$152.50Sep 25$1.35$1.35$1.1548%1.17$151.35
$160.00$162.50Aug 28$0.29$0.29$2.2187%0.13$160.29
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$149.00$130.00Oct 2$6.58$6.58$12.4253%0.53$142.42
$148.00$144.00Sep 11$1.88$1.88$2.1256%0.89$146.12
$135.00$130.00Sep 18$0.97$0.97$4.0381%0.24$134.03
$140.00$136.00Sep 25$1.31$1.31$2.6970%0.49$138.69
$140.00$139.00Sep 11$0.51$0.51$0.4975%1.04$139.49

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $3.21, cheapest $3.16)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$149.00Aug 21Aug 28$3.2752.8%41.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$149.00Aug 21Aug 28$3.1652.8%41.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 58 found (cheapest 0.33% of stock, avg 7.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$149.00Aug 21$0.31$0.18$0.49$148.51$149.490.33%
$150.00Aug 21$0.02$1.08$1.10$148.90$151.100.74%
$148.00Aug 21$1.23$0.06$1.29$146.71$149.290.86%
$147.00Aug 21$2.67$0.03$2.70$144.30$149.701.81%
$146.00Aug 21$3.07$0.05$3.12$142.88$149.122.09%
$152.50Aug 21$0.01$3.95$3.96$148.54$156.462.65%
$145.00Aug 21$4.43$0.01$4.44$140.56$149.442.97%
$144.00Aug 21$5.00$0.26$5.26$138.74$149.263.52%
$155.00Aug 21$0.01$5.65$5.66$149.34$160.663.79%
$143.00Aug 21$5.90$0.02$5.92$137.08$148.923.97%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.05% of stock, avg 4.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$150.00$146.00Aug 21$0.02$0.05$0.07$145.93$150.07
$150.00$148.00Aug 21$0.02$0.06$0.08$147.92$150.08
$150.00$149.00Aug 21$0.02$0.18$0.20$148.80$150.20
$150.00$144.00Aug 21$0.02$0.26$0.28$143.72$150.28
$150.00$142.00Aug 21$0.02$0.29$0.31$141.69$150.31
$177.50$148.00Aug 21$1.07$0.06$1.13$146.87$178.63
$177.50$146.00Aug 21$1.07$0.05$1.12$144.88$178.62
$177.50$144.00Aug 21$1.07$0.26$1.33$142.67$178.83
$177.50$142.00Aug 21$1.07$0.29$1.36$140.64$178.86
$177.50$149.00Aug 21$1.07$0.18$1.25$147.75$178.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 163 found (best R:R 0.50, avg credit $0.86)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
131/133170/172Sep 11$0.83$1.6774%0.50$132.17$170.83
122/124170/172Sep 11$0.60$1.9082%0.32$123.40$170.60
121/122170/172Sep 11$0.54$1.9684%0.28$121.46$170.54
127/130170/172Sep 11$0.76$2.2478%0.34$129.24$170.76
125/126160/162Aug 28$0.47$2.0383%0.23$125.53$160.47
139/140170/172Sep 11$0.95$1.5563%0.61$139.05$170.95
130/132162/165Sep 25$1.18$1.3253%0.89$130.82$163.68
134/135162/165Sep 25$1.27$1.2349%1.03$133.73$163.77
131/133165/168Sep 11$0.80$1.7068%0.47$132.20$165.80
125/126158/160Aug 28$0.53$1.9777%0.27$125.47$158.03

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 105 found (best R:R 16.24, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$148.00$149.00$150.00Aug 21$0.63$0.3794%0.59
$155.00$160.00$165.00Sep 18$0.36$4.6418%12.89
$145.00$150.00$155.00Sep 18$0.47$4.5321%9.64
$157.50$160.00$162.50Aug 28$0.06$2.4412%40.67
$150.00$155.00$160.00Sep 18$0.45$4.5520%10.11
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$130.00$135.00$140.00Sep 18$0.29$4.7116%16.24
$147.00$148.00$149.00Aug 21$0.09$0.9136%10.11
$145.00$150.00$155.00Sep 18$0.48$4.5221%9.42
$135.00$140.00$145.00Sep 18$0.44$4.5619%10.36
$150.00$155.00$160.00Sep 18$0.50$4.5020%9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 131 found (best net $-1.96, 117 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$133.00$145.001:2Oct 2-$3.40$8.60
$137.00$145.001:2Sep 11-$2.99$5.01
$170.00$175.001:2Oct 2-$0.15$4.85
$165.00$170.001:2Sep 18-$0.63$4.37
$160.00$165.001:2Sep 18-$1.05$3.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$170.00$160.001:2Aug 28-$1.96$8.04
$160.00$155.001:2Aug 28-$2.78$2.22
$150.00$145.001:2Sep 4-$0.98$4.02
$135.00$130.001:2Sep 18-$0.13$4.87
$155.00$152.501:2Aug 21-$2.25$0.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 5.43%, avg 1.66%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$150.00Oct 2$8.100.520.5%5.43%5.93%1--
$150.00Sep 25$7.600.520.5%5.09%5.59%10152
$155.00Oct 2$5.350.433.9%3.58%7.44%101--
$157.50Oct 2$4.450.395.5%2.98%8.51%100--
$160.00Oct 2$3.850.357.2%2.58%9.78%43
$160.00Sep 25$3.900.347.2%2.61%9.82%16100
$157.50Sep 25$4.300.385.5%2.88%8.41%414
$155.00Sep 18$5.050.413.9%3.38%7.24%6343.1K
$150.00Sep 18$7.000.510.5%4.69%5.19%9007.2K
$170.00Oct 2$2.300.2413.9%1.54%15.44%3--

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 26,667
Total Puts 22,425
Put/Call Ratio 0.84
Net Difference 4,242

Prior's Put/Call Breakdown

Total Calls 22,613
Total Puts 13,039
Put/Call Ratio 0.58
Net Difference 9,574

Prior 7-Day Put/Call Summary

Total Calls 151,638
Total Puts 84,855
Average Put/Call Ratio 0.56
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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