Tour v526
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SHOPIFY INC A
$153.88 +2.72%
$153.78 (-0.07%)🌙
as of 08/25 07:02 PM
8/25 19:02

Option Volume

Detail
Current (08/25) 27,203
Calls: 13,713 (50%)
Puts: 13,490 (50%)
Prior (08/21) 49,092
Calls: 26,667 (54%)
Puts: 22,425 (46%)
Current vs Prior -44.59%
Calls: -48.58% (Calls)
Puts: -39.84% (Puts)
Prior 7-Day Total 263,515
Calls: 163,817 (62%)
Puts: 99,698 (38%)
Prior 7-Day Average 37,645
Calls: 23,402 (62%)
Puts: 14,242 (38%)
Current vs Prior 7-Day Avg -27.74%
Calls: -41.40%
Puts: -5.28%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/25) $17.75M
Calls: $12.05M (68%)
Puts: $5.70M (32%)
Prior (08/21) $22.96M
Calls: $17.42M (76%)
Puts: $5.54M (24%)
Current vs Prior -22.69%
Calls: -30.83%
Puts: +2.92%
Prior 7-Day Total $162.99M
Calls: $125.48M (77%)
Puts: $37.51M (23%)
Prior 7-Day Average $23.28M
Calls: $17.93M (77%)
Puts: $5.36M (23%)
Current vs Prior 7-Day Avg -23.77%
Calls: -32.76%
Puts: +6.32%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/25) 0.98
Prior (08/21) 0.84
Current vs Prior +16.98%
Prior 7-Day Average 0.61
Current vs Prior 7-Day Avg +61.40%
Sentiment NEUTRAL

Open Interest

Detail
Current (08/25) 431,712
Calls: 341,214 (79%)
Puts: 90,498 (21%)
Prior (08/21) 501,392
Calls: 366,043 (73%)
Puts: 135,349 (27%)
Current vs Prior -13.90%
Prior 7-Day Total 3,954,615
Calls: 3,001,115 (76%)
Puts: 953,500 (24%)
Prior 7-Day Average 564,945
Calls: 428,730 (76%)
Puts: 136,214 (24%)
Current vs Prior 7-Day Avg -23.58%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 4.55% | 7.10%9.92% | 15.62%
Prior 5.01% | 7.04%0.93% | 11.52%
Current vs Prior -9.23% | +0.87%+964.83% | +35.51%
Prior 7-Day Avg 3.89% | 6.46%3.76% | 12.14%
Current vs 7-Day Avg +16.81% | +9.98%+163.73% | +28.59%
Prior 7-Day Eod 5.01% | 7.04%0.93% | 11.52%
Current vs 7-Day Eod -9.23% | +0.87%+964.83% | +35.51%
Sentiment BULLISHBEARISH

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

Moderately bullish flow with 68% call dollar volume ($12.05M). Below-average activity with volume down 45% vs prior. Call-heavy open interest (341,214 calls vs 90,498 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
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 13 of results (avg 6.8%, best 2.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Sep 1816.0016.40$16.202.5%3660.8147.8K
$150.00Sep 189.159.50$9.323.8%2820.6210.1K
$155.00Sep 186.506.75$6.633.8%6680.503.7K
$160.00Sep 184.554.75$4.654.3%4640.3982.3K
$155.00Sep 44.104.40$4.257.1%1.3K0.48347
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Sep 187.107.45$7.284.8%270.501.0K
$145.00Sep 183.053.30$3.187.9%320.281.3K
$152.50Sep 43.754.10$3.938.9%180.4436
$150.00Sep 42.712.97$2.849.2%2.5K0.3562
$144.00Sep 182.773.05$2.919.6%10.261

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.84, cheapest $0.84)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Aug 280.760.92$0.8419.0%6740.211.0K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 79 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Aug 2827.0030.25$28.6311.4%41.00158
$135.00Aug 2817.2020.30$18.7516.5%110.98101
$134.00Aug 2818.3521.30$19.8314.9%40.9710
$125.00Sep 427.5030.50$29.0010.3%60.9763
$130.00Aug 2823.0025.55$24.2810.5%40.96262
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Aug 2814.8517.95$16.4018.9%301.0035
$172.50Aug 2817.3519.85$18.6013.4%221.00--
$175.00Aug 2819.7022.90$21.3015.0%21.00--
$177.50Aug 2822.2025.40$23.8013.4%41.00--
$167.50Aug 2812.4015.50$13.9522.2%90.9619

Most actively traded options today. High liquidity = easy entry/exit. 238 active (total vol 17.8K, top 2.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Sep 44.104.40$4.257.1%1.3K0.48347
$155.00Aug 282.212.48$2.3411.5%1.2K0.453.1K
$160.00Aug 280.760.92$0.8419.0%6740.211.0K
$155.00Sep 186.506.75$6.633.8%6680.503.7K
$145.00Sep 1811.7013.55$12.6314.6%5490.723.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Sep 42.712.97$2.849.2%2.5K0.3562
$155.00Sep 44.505.80$5.1525.2%1.7K0.5230
$155.00Aug 282.853.75$3.3027.3%1.6K0.55214
$157.50Aug 284.255.45$4.8524.7%1540.6840
$152.50Aug 281.952.37$2.1619.4%1530.41154

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 15 strikes (avg 17.5%, max 25.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$149.00Aug 28Sep 1852.8%42.3%24.9%16110
$148.00Aug 28Oct 254.4%44.0%23.5%14232
$160.00Aug 28Oct 251.9%43.5%19.3%6801.0K
$152.50Aug 28Oct 252.1%43.7%19.1%146696
$157.50Aug 28Oct 251.8%46.2%12.1%293528
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$152.50Aug 28Sep 1852.1%41.6%25.0%223154
$149.00Aug 28Sep 1852.8%42.3%24.9%67430
$148.00Aug 28Oct 254.4%44.0%23.5%131102
$147.00Aug 28Sep 1153.7%43.6%23.1%6183
$160.00Aug 28Sep 1851.9%45.4%14.4%35100

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 0.58, avg 4.21)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$141.00$150.00Sep 25$5.70$3.30$5.7077%0.58$146.70
$160.00$162.50Sep 25$0.38$2.12$0.3840%5.58$160.38
$160.00$162.50Oct 2$0.43$2.07$0.4342%4.81$160.43
$165.00$167.50Oct 2$0.24$2.26$0.2434%9.42$165.24
$144.00$145.00Aug 28$0.45$0.55$0.4591%1.22$144.45
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$155.00$150.00Sep 25$1.75$3.25$1.7549%1.86$153.25
$155.00$150.00Oct 2$1.94$3.06$1.9449%1.58$153.06
$150.00$148.00Sep 4$0.46$1.54$0.4635%3.35$149.54
$145.00$144.00Sep 25$0.16$0.84$0.1630%5.25$144.84
$160.00$155.00Sep 18$2.67$2.33$2.6761%0.87$157.33

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 103 found (best R:R 0.99, avg 0.40)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$165.00$167.50Sep 25$1.22$1.22$1.2867%0.95$166.22
$157.50$160.00Oct 2$1.50$1.50$1.0053%1.50$159.00
$162.50$165.00Oct 2$1.23$1.23$1.2761%0.97$163.73
$172.50$175.00Oct 2$0.85$0.85$1.6576%0.52$173.35
$155.00$160.00Sep 25$2.60$2.60$2.4049%1.08$157.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$150.00$145.00Sep 25$2.49$2.49$2.5160%0.99$147.51
$150.00$148.00Oct 2$1.28$1.28$0.7260%1.78$148.72
$133.00$131.00Aug 28$0.59$0.59$1.4190%0.42$132.41
$133.00$125.00Oct 2$1.07$1.07$6.9385%0.15$131.93
$138.00$137.00Aug 28$0.36$0.36$0.6492%0.56$137.64

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $1.85, cheapest $1.77)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$152.50Aug 28Sep 4$2.0852.1%45.8%
$157.50Aug 28Sep 4$1.7851.8%46.9%
$155.00Aug 28Sep 4$1.9151.1%46.9%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$152.50Aug 28Sep 4$1.7752.1%45.8%
$157.50Aug 28Sep 4$1.7051.8%46.9%
$155.00Aug 28Sep 4$1.8551.1%46.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 44 found (cheapest 3.67% of stock, avg 8.27%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$155.00Aug 28$2.34$3.30$5.64$149.36$160.643.67%
$152.50Aug 28$3.70$2.16$5.86$146.64$158.363.81%
$157.50Aug 28$1.46$4.85$6.31$151.19$163.814.10%
$150.00Aug 28$5.13$1.23$6.36$143.64$156.364.13%
$149.00Aug 28$6.20$1.02$7.22$141.78$156.224.69%
$160.00Aug 28$0.84$6.75$7.59$152.41$167.594.93%
$148.00Aug 28$7.33$0.86$8.19$139.81$156.195.32%
$147.00Aug 28$7.93$0.64$8.57$138.43$155.575.57%
$146.00Aug 28$8.63$0.49$9.12$136.88$155.125.93%
$155.00Sep 4$4.25$5.15$9.40$145.60$164.406.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.57% of stock, avg 4.54%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$165.00$147.00Aug 28$0.23$0.64$0.87$146.13$165.87
$162.50$147.00Aug 28$0.46$0.64$1.10$145.90$163.60
$165.00$148.00Aug 28$0.23$0.86$1.09$146.91$166.09
$162.50$148.00Aug 28$0.46$0.86$1.32$146.68$163.82
$165.00$149.00Aug 28$0.23$1.02$1.25$147.75$166.25
$160.00$147.00Aug 28$0.84$0.64$1.48$145.52$161.48
$162.50$149.00Aug 28$0.46$1.02$1.48$147.52$163.98
$160.00$148.00Aug 28$0.84$0.86$1.70$146.30$161.70
$165.00$150.00Aug 28$0.23$1.23$1.46$148.54$166.46
$160.00$149.00Aug 28$0.84$1.02$1.86$147.14$161.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 240 found (best R:R 1.75, avg credit $0.82)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
132/133165/168Sep 25$1.59$0.9155%1.75$131.41$166.59
135/136165/168Sep 25$1.67$0.8350%2.01$134.33$166.67
134/135165/168Sep 25$1.54$0.9652%1.60$133.46$166.54
140/143165/168Sep 25$2.06$0.9441%2.19$140.94$167.06
131/133165/168Aug 28$0.71$1.7983%0.40$132.29$165.71
131/133162/165Aug 28$0.82$1.6877%0.49$132.18$163.32
139/140165/168Sep 25$1.60$0.9046%1.78$138.40$166.60
133/134165/168Sep 25$1.38$1.1254%1.23$132.62$166.38
135/136172/175Oct 2$1.27$1.2357%1.03$134.73$173.77
131/133160/162Aug 28$0.97$1.5369%0.63$132.03$160.97

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 70 found (best R:R 34.71, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$150.00$152.50$155.00Aug 28$0.07$2.4327%34.71
$155.00$157.50$160.00Aug 28$0.26$2.2424%8.62
$155.00$157.50$160.00Sep 4$0.14$2.3616%16.86
$157.50$160.00$162.50Sep 4$0.16$2.3415%14.62
$160.00$162.50$165.00Sep 18$0.09$2.4110%26.78
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$150.00$152.50$155.00Aug 28$0.21$2.2927%10.90
$150.00$152.50$155.00Sep 4$0.13$2.3717%18.23
$152.50$155.00$157.50Sep 4$0.18$2.3217%12.89
$155.00$157.50$160.00Aug 28$0.35$2.1524%6.14
$152.50$155.00$157.50Aug 28$0.41$2.0927%5.10

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 112 found (best net $-5.05, 103 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$141.00$150.001:2Sep 25-$5.05$3.95
$155.00$160.001:2Sep 11-$1.32$3.68
$165.00$170.001:2Sep 11-$0.39$4.61
$157.50$160.001:2Aug 28-$0.22$2.28
$155.00$157.501:2Aug 28-$0.58$1.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$155.00$150.001:2Sep 11-$1.38$3.62
$152.50$150.001:2Aug 28-$0.30$2.20
$145.00$138.001:2Oct 2-$1.34$5.66
$130.00$125.001:2Sep 18-$0.03$4.97
$155.00$152.501:2Aug 28-$1.02$1.48

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 51 found (best yield 4.03%, avg 1.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$157.50Oct 2$6.200.472.4%4.03%6.38%1--
$155.00Oct 2$7.300.510.7%4.74%5.47%7118
$160.00Oct 2$5.200.424.0%3.38%7.36%69
$162.50Oct 2$4.300.395.6%2.79%8.40%23
$165.00Oct 2$3.450.347.2%2.24%9.47%1214
$167.50Oct 2$2.910.318.8%1.89%10.74%1--
$155.00Sep 18$6.500.500.7%4.22%4.95%6683.7K
$155.00Sep 25$6.450.510.7%4.19%4.92%829
$160.00Sep 18$4.550.394.0%2.96%6.93%46482.3K
$160.00Sep 25$4.350.414.0%2.83%6.80%12130

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 13,713
Total Puts 13,490
Put/Call Ratio 0.98
Net Difference 223

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 163,817
Total Puts 99,698
Average Put/Call Ratio 0.61
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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