Tour v526
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SHOPIFY INC A
$139.82 -5.12%
$139.94 (+0.08%)🌙
as of 09/01 07:02 PM
9/1 19:02

Option Volume

Detail
Current (09/01) 37,889
Calls: 18,888 (50%)
Puts: 19,001 (50%)
Prior (08/31) 28,498
Calls: 16,028 (56%)
Puts: 12,470 (44%)
Current vs Prior +32.95%
Calls: +17.84% (Calls)
Puts: +52.37% (Puts)
Prior 7-Day Total 218,932
Calls: 123,059 (56%)
Puts: 95,873 (44%)
Prior 7-Day Average 31,276
Calls: 17,579 (56%)
Puts: 13,696 (44%)
Current vs Prior 7-Day Avg +21.14%
Calls: +7.44%
Puts: +38.73%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/01) $22.04M
Calls: $9.71M (44%)
Puts: $12.34M (56%)
Prior (08/31) $16.88M
Calls: $10.77M (64%)
Puts: $6.10M (36%)
Current vs Prior +30.61%
Calls: -9.91%
Puts: +102.13%
Prior 7-Day Total $127.77M
Calls: $88.78M (69%)
Puts: $38.98M (31%)
Prior 7-Day Average $18.25M
Calls: $12.68M (69%)
Puts: $5.57M (31%)
Current vs Prior 7-Day Avg +20.77%
Calls: -23.48%
Puts: +121.52%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/01) 1.01
Prior (08/31) 0.78
Current vs Prior +29.30%
Prior 7-Day Average 0.78
Current vs Prior 7-Day Avg +29.43%
Sentiment BEARISH

Open Interest

Detail
Current (09/01) 577,895
Calls: 454,193 (79%)
Puts: 123,702 (21%)
Prior (08/31) 567,655
Calls: 439,647 (77%)
Puts: 128,008 (23%)
Current vs Prior +1.80%
Prior 7-Day Total 3,614,942
Calls: 2,762,656 (76%)
Puts: 852,286 (24%)
Prior 7-Day Average 516,420
Calls: 394,665 (76%)
Puts: 121,755 (24%)
Current vs Prior 7-Day Avg +11.90%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 4.01% | 6.21%7.98% | 14.43%
Prior 4.36% | 6.33%8.05% | 13.95%
Current vs Prior -7.90% | -1.94%-0.82% | +3.45%
Prior 7-Day Avg 4.10% | 6.56%6.98% | 13.74%
Current vs 7-Day Avg -2.05% | -5.37%+14.33% | +5.06%
Prior 7-Day Eod 4.36% | 6.33%8.05% | 13.95%
Current vs 7-Day Eod -7.90% | -1.94%-0.82% | +3.45%
Sentiment BULLISHBULLISH

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

Slightly bearish P/C ratio of 1.01. Call-heavy open interest (454,193 calls vs 123,702 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
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 7 of results (avg 8.9%, best 7.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Oct 164.705.05$4.887.2%1610.361.1K
$135.00Sep 187.908.60$8.258.5%130.67939
$165.00Oct 161.751.91$1.838.7%1520.174.0K
$140.00Oct 168.559.35$8.958.9%360.53561
$130.00Oct 1614.1515.60$14.889.7%410.71732
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$167.50Sep 1126.1028.70$27.409.5%20.95--
$160.00Oct 1620.9523.05$22.009.5%10.77445

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 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$112.00Sep 426.2529.45$27.8511.5%11.002
$120.00Sep 418.7521.20$19.9812.3%141.0055
$125.00Sep 413.3516.25$14.8019.6%291.0061
$126.00Sep 412.8015.55$14.1819.4%511.009
$128.00Sep 411.0013.35$12.1819.3%251.0011
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$165.00Sep 423.6027.05$25.3313.6%200.999
$167.50Sep 426.1029.55$27.8312.4%700.9970
$160.00Sep 418.9021.15$20.0211.2%600.9940
$155.00Sep 413.6516.35$15.0018.0%880.971.6K
$152.50Sep 411.4514.60$13.0224.2%1030.96166

Most actively traded options today. High liquidity = easy entry/exit. 309 active (total vol 28.6K, top 2.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$157.50Sep 40.000.30$0.15200.0%2.1K0.042.7K
$149.00Sep 110.811.57$1.1963.9%2.0K0.2132
$160.00Sep 180.550.75$0.6530.8%2.0K0.1081.1K
$140.00Sep 185.055.85$5.4514.7%5930.5247.6K
$147.00Sep 182.332.90$2.6221.8%4930.324
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$145.00Sep 45.356.45$5.9018.6%2.1K0.784.2K
$134.00Sep 111.272.16$1.7251.7%2.0K0.2721
$135.00Sep 182.753.30$3.0318.2%1.4K0.331.7K
$130.00Sep 181.441.79$1.6221.6%1.1K0.212.8K
$140.00Sep 42.322.83$2.5819.8%9570.50348

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 26 strikes (avg 15.7%, max 21.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$138.00Sep 4Oct 249.8%41.8%19.1%13757
$135.00Sep 4Oct 1651.6%43.3%19.0%5746.0K
$137.00Sep 4Oct 249.8%42.1%18.4%611
$140.00Sep 4Oct 1650.4%42.9%17.4%324732
$146.00Sep 4Oct 952.1%44.5%17.1%137286
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$136.00Sep 4Oct 251.4%42.3%21.6%14142
$139.00Sep 4Oct 949.6%41.3%20.1%115244
$138.00Sep 4Oct 249.8%41.8%19.1%212152
$135.00Sep 4Oct 1651.6%43.3%19.0%3191.6K
$137.00Sep 4Oct 249.8%42.1%18.4%15153

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 185 found (best R:R 0.71, avg 3.05)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$130.00$140.00Oct 9$5.85$4.15$5.8573%0.71$135.85
$125.00$126.00Sep 4$0.62$0.38$0.62100%0.61$125.62
$132.00$133.00Sep 4$0.54$0.46$0.5489%0.85$132.54
$155.00$157.50Oct 2$0.21$2.29$0.2123%10.90$155.21
$140.00$142.00Oct 2$0.67$1.33$0.6751%1.99$140.67
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$147.00$146.00Sep 4$0.38$0.62$0.3886%1.63$146.62
$141.00$140.00Oct 9$0.23$0.77$0.2349%3.35$140.77
$125.00$120.00Oct 9$0.52$4.48$0.5219%8.62$124.48
$145.00$144.00Oct 2$0.40$0.60$0.4058%1.50$144.60
$144.00$143.00Sep 4$0.60$0.40$0.6074%0.67$143.40

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 131 found (best R:R 1.17, avg 0.46)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$157.50$160.00Oct 2$0.83$0.83$1.6779%0.50$158.33
$145.00$146.00Sep 25$0.65$0.65$0.3559%1.86$145.65
$162.50$165.00Sep 4$0.23$0.23$2.2795%0.10$162.73
$152.50$155.00Oct 2$0.79$0.79$1.7172%0.46$153.29
$162.50$165.00Oct 2$0.47$0.47$2.0385%0.23$162.97
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$121.00$120.00Sep 11$0.54$0.54$0.4691%1.17$120.46
$120.00$115.00Oct 16$0.86$0.86$4.1485%0.21$119.14
$133.00$130.00Oct 2$1.21$1.21$1.7967%0.68$131.79
$135.00$130.00Oct 9$1.85$1.85$3.1563%0.59$133.15
$130.00$125.00Sep 18$0.93$0.93$4.0779%0.23$129.07

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $1.46, cheapest $1.45)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$141.00Sep 4Sep 11$1.4951.9%44.4%
$142.00Sep 4Sep 11$1.4651.8%44.4%
$138.00Sep 4Sep 11$1.4549.8%42.7%
$137.00Sep 4Sep 11$1.5249.8%43.4%
$143.00Sep 4Sep 11$1.5050.9%44.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$141.00Sep 4Sep 11$1.4551.9%44.4%
$142.00Sep 4Sep 11$1.3351.8%44.4%
$138.00Sep 4Sep 11$1.4049.8%42.7%
$137.00Sep 4Sep 11$1.4049.8%43.4%
$143.00Sep 4Sep 11$1.2050.9%44.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 83 found (cheapest 3.58% of stock, avg 8.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$140.00Sep 4$2.42$2.58$5.00$135.00$145.003.58%
$139.00Sep 4$3.03$2.09$5.12$133.88$144.123.66%
$141.00Sep 4$2.04$3.12$5.16$135.84$146.163.69%
$138.00Sep 4$3.65$1.67$5.32$132.68$143.323.80%
$137.00Sep 4$4.13$1.31$5.44$131.56$142.443.89%
$142.00Sep 4$1.65$3.80$5.45$136.55$147.453.90%
$143.00Sep 4$1.27$4.53$5.80$137.20$148.804.15%
$136.00Sep 4$5.00$1.07$6.07$129.93$142.074.34%
$144.00Sep 4$1.00$5.13$6.13$137.87$150.134.38%
$135.00Sep 4$5.70$0.82$6.52$128.48$141.524.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.30% of stock, avg 5.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$144.00$135.00Sep 4$1.00$0.82$1.82$133.18$145.82
$144.00$136.00Sep 4$1.00$1.07$2.07$133.93$146.07
$143.00$135.00Sep 4$1.27$0.82$2.09$132.91$145.09
$144.00$137.00Sep 4$1.00$1.31$2.31$134.69$146.31
$143.00$136.00Sep 4$1.27$1.07$2.34$133.66$145.34
$143.00$137.00Sep 4$1.27$1.31$2.58$134.42$145.58
$142.00$135.00Sep 4$1.65$0.82$2.47$132.53$144.47
$144.00$138.00Sep 4$1.00$1.67$2.67$135.33$146.67
$142.00$136.00Sep 4$1.65$1.07$2.72$133.28$144.72
$143.00$138.00Sep 4$1.27$1.67$2.94$135.06$145.94

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 145 found (best R:R 4.88, avg credit $0.75)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
120/121148/149Sep 11$0.83$0.1766%4.88$120.17$148.83
120/121146/147Sep 11$0.81$0.1962%4.26$120.19$146.81
120/121145/146Sep 11$0.79$0.2158%3.76$120.21$145.79
120/121149/150Sep 11$0.65$0.3570%1.86$120.35$149.65
120/121150/152Sep 11$0.92$1.5872%0.58$120.08$150.92
132/133148/149Sep 11$0.66$0.3452%1.94$132.34$148.66
130/133152/155Oct 2$2.00$1.0039%2.00$131.00$154.50
126/127162/165Sep 4$0.45$2.0588%0.22$126.55$162.95
126/127146/147Sep 4$0.40$0.6075%0.67$126.60$146.40
126/127145/146Sep 4$0.41$0.5971%0.69$126.59$145.41

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 121 found (best R:R 61.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$155.00$160.00$165.00Oct 16$0.08$4.9211%61.50
$120.00$125.00$130.00Sep 25$0.31$4.6914%15.13
$130.00$135.00$140.00Oct 16$0.43$4.5718%10.63
$125.00$130.00$135.00Sep 18$0.58$4.4223%7.62
$135.00$140.00$145.00Oct 16$0.45$4.5518%10.11
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$115.00$120.00$125.00Oct 16$0.13$4.8712%37.46
$145.00$150.00$155.00Oct 16$0.29$4.7116%16.24
$140.00$145.00$150.00Oct 16$0.37$4.6317%12.51
$130.00$135.00$140.00Oct 16$0.42$4.5818%10.90
$135.00$140.00$145.00Oct 16$0.44$4.5618%10.36

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 105 found (best net $-2.35, 99 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$130.00$140.001:2Oct 9-$2.35$7.65
$120.00$130.001:2Oct 16-$7.21$2.79
$160.00$165.001:2Oct 9-$0.65$4.35
$150.00$152.501:2Sep 4-$0.01$2.49
$152.50$155.001:2Sep 11-$0.14$2.36
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$160.00$150.001:2Oct 2-$5.32$4.68
$120.00$115.001:2Oct 16-$0.11$4.89
$130.00$125.001:2Oct 2-$0.59$4.41
$125.00$120.001:2Oct 2-$0.25$4.75
$134.00$130.001:2Sep 18-$0.59$3.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 88 found (best yield 6.12%, avg 1.64%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$140.00Oct 16$8.550.530.1%6.12%6.24%36561
$145.00Oct 16$6.200.443.7%4.43%8.14%74688
$150.00Oct 16$4.700.367.3%3.36%10.64%1611.1K
$155.00Oct 16$3.250.2810.9%2.32%13.18%911.1K
$160.00Oct 16$2.440.2214.4%1.75%16.18%672.1K
$140.00Oct 9$6.750.530.1%4.83%4.96%24--
$148.00Oct 9$3.650.385.8%2.61%8.46%6--
$146.00Oct 9$3.900.414.4%2.79%7.21%12
$140.00Oct 2$6.300.510.1%4.51%4.63%2--
$142.00Oct 2$5.350.471.6%3.83%5.39%22

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 18,888
Total Puts 19,001
Put/Call Ratio 1.01
Net Difference -113

Prior's Put/Call Breakdown

Total Calls 16,028
Total Puts 12,470
Put/Call Ratio 0.78
Net Difference 3,558

Prior 7-Day Put/Call Summary

Total Calls 123,059
Total Puts 95,873
Average Put/Call Ratio 0.78
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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