Tour v526
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SHOPIFY INC A
$141.87 +1.47%
$142.01 (+0.10%)🌙
as of 09/02 06:57 PM
9/2 18:57

Option Volume

Detail
Current (09/02) 15,424
Calls: 9,053 (59%)
Puts: 6,371 (41%)
Prior (09/01) 37,889
Calls: 18,888 (50%)
Puts: 19,001 (50%)
Current vs Prior -59.29%
Calls: -52.07% (Calls)
Puts: -66.47% (Puts)
Prior 7-Day Total 221,169
Calls: 119,334 (54%)
Puts: 101,835 (46%)
Prior 7-Day Average 31,595
Calls: 17,047 (54%)
Puts: 14,547 (46%)
Current vs Prior 7-Day Avg -51.18%
Calls: -46.90%
Puts: -56.21%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/02) $11.57M
Calls: $6.79M (59%)
Puts: $4.78M (41%)
Prior (09/01) $22.04M
Calls: $9.71M (44%)
Puts: $12.34M (56%)
Current vs Prior -47.50%
Calls: -30.02%
Puts: -61.25%
Prior 7-Day Total $127.50M
Calls: $81.78M (64%)
Puts: $45.72M (36%)
Prior 7-Day Average $18.21M
Calls: $11.68M (64%)
Puts: $6.53M (36%)
Current vs Prior 7-Day Avg -36.46%
Calls: -41.86%
Puts: -26.80%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/02) 0.70
Prior (09/01) 1.01
Current vs Prior -30.04%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg -16.09%
Sentiment NEUTRAL

Open Interest

Detail
Current (09/02) 534,693
Calls: 421,488 (79%)
Puts: 113,205 (21%)
Prior (09/01) 577,895
Calls: 454,193 (79%)
Puts: 123,702 (21%)
Current vs Prior -7.48%
Prior 7-Day Total 3,691,039
Calls: 2,854,106 (77%)
Puts: 836,933 (23%)
Prior 7-Day Average 527,291
Calls: 407,729 (77%)
Puts: 119,561 (23%)
Current vs Prior 7-Day Avg +1.40%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 3.26% | 5.62%7.70% | 13.60%
Prior 4.01% | 6.21%7.98% | 14.43%
Current vs Prior -18.84% | -9.39%-3.48% | -5.74%
Prior 7-Day Avg 4.33% | 6.64%7.78% | 14.14%
Current vs 7-Day Avg -24.72% | -15.27%-0.95% | -3.77%
Prior 7-Day Eod 4.01% | 6.21%7.98% | 14.43%
Current vs 7-Day Eod -18.84% | -9.39%-3.48% | -5.74%
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

Below-average activity with volume down 59% vs prior. P/C ratio dropping 30% - sentiment shifting bullish. Call-heavy open interest (421,488 calls vs 113,205 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
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 6 of results (avg 8.8%, best 7.7%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Oct 169.3510.10$9.737.7%200.56561
$160.00Oct 162.753.00$2.888.7%1170.242.1K
$115.00Sep 1825.3027.80$26.559.4%10.93--
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Oct 1612.4513.55$13.008.5%630.62832
$145.00Oct 169.1510.00$9.578.9%90.531.0K
$140.00Oct 167.057.75$7.409.5%1110.44837

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.75, cheapest $0.67)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$146.00Sep 40.600.73$0.6719.4%230.22317
$145.00Sep 40.780.92$0.8516.5%2390.28245
$160.00Sep 180.680.80$0.7416.2%1110.1282.0K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 106 found (avg delta 0.75, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$126.00Sep 413.9017.45$15.6822.6%261.0010
$115.00Sep 424.9027.85$26.3811.2%30.9815
$122.00Sep 417.9020.85$19.3815.2%80.9817
$120.00Sep 419.8522.85$21.3514.1%150.9750
$125.00Sep 414.9017.85$16.3818.0%590.9760
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$152.50Sep 49.7512.65$11.2025.9%1091.00233
$155.00Sep 412.2514.60$13.4317.5%1081.001.2K
$157.50Sep 414.7017.60$16.1518.0%871.0064
$160.00Sep 417.2020.10$18.6515.5%211.0010
$165.00Sep 422.6525.15$23.9010.5%81.00--

Most actively traded options today. High liquidity = easy entry/exit. 280 active (total vol 10.1K, top 941)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Sep 181.051.37$1.2126.4%9410.183.7K
$147.00Sep 40.310.53$0.4252.4%3070.16273
$145.00Sep 112.332.94$2.6423.1%3040.39206
$150.00Sep 252.254.05$3.1557.1%2790.33407
$150.00Sep 110.691.25$0.9757.7%2610.20461
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 180.060.55$0.31158.1%2000.051.8K
$136.00Sep 40.270.39$0.3336.4%1550.12129
$130.00Oct 162.843.90$3.3731.5%1430.25767
$125.00Oct 161.752.58$2.1738.2%1360.18560
$140.00Sep 183.704.80$4.2525.9%1170.431.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 19 strikes (avg 13.1%, max 20.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$142.00Sep 4Oct 950.0%41.9%19.4%5739
$140.00Sep 4Oct 1648.8%42.2%15.7%238942
$145.00Sep 4Oct 1649.2%43.7%12.7%264944
$141.00Sep 4Oct 948.6%43.3%12.3%9347
$146.00Sep 4Oct 250.8%45.4%12.0%25326
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$142.00Sep 4Sep 2550.0%41.5%20.6%105213
$137.00Sep 4Oct 250.4%42.3%19.1%8570
$138.00Sep 4Oct 249.9%42.8%16.5%96224
$140.00Sep 4Oct 1648.8%42.2%15.7%2131.4K
$139.00Sep 4Sep 2549.8%43.1%15.6%95309

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 157 found (best R:R 3.00, avg 3.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$145.00$148.00Oct 9$0.75$2.25$0.7545%3.00$145.75
$135.00$140.00Sep 25$2.75$2.25$2.7570%0.82$137.75
$155.00$160.00Oct 16$0.87$4.13$0.8730%4.75$155.87
$155.00$157.50Sep 25$0.14$2.36$0.1422%16.86$155.14
$139.00$140.00Sep 18$0.25$0.75$0.2561%3.00$139.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$141.00$140.00Sep 25$0.20$0.80$0.2045%4.00$140.80
$125.00$120.00Oct 9$0.38$4.62$0.3816%12.16$124.62
$145.00$140.00Oct 16$2.17$2.83$2.1753%1.30$142.83
$136.00$135.00Sep 11$0.11$0.89$0.1126%8.09$135.89
$145.00$143.00Sep 18$0.97$1.03$0.9758%1.06$144.03

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 124 found (best R:R 0.54, avg 0.46)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$167.50$170.00Sep 4$0.26$0.26$2.2495%0.12$167.76
$143.00$144.00Oct 2$0.73$0.73$0.2750%2.70$143.73
$157.50$160.00Oct 9$0.78$0.78$1.7275%0.45$158.28
$160.00$165.00Oct 2$0.83$0.83$4.1782%0.20$160.83
$157.50$160.00Sep 25$0.56$0.56$1.9481%0.29$158.06
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$117.00$115.00Sep 11$0.70$0.70$1.3090%0.54$116.30
$135.00$130.00Oct 16$1.86$1.86$3.1466%0.59$133.14
$140.00$130.00Oct 9$3.44$3.44$6.5656%0.52$136.56
$130.00$125.00Oct 9$1.22$1.22$3.7876%0.32$128.78
$135.00$134.00Sep 18$0.54$0.54$0.4672%1.17$134.46

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 11 found (avg debit $1.60, cheapest $1.47)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$144.00Sep 4Sep 11$1.4749.4%40.8%
$143.00Sep 4Sep 11$1.6549.7%42.4%
$140.00Sep 4Sep 11$1.6648.8%41.6%
$141.00Sep 4Sep 11$1.6748.6%41.4%
$142.00Sep 4Sep 11$1.6850.0%42.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$144.00Sep 4Sep 11$1.5649.4%40.8%
$143.00Sep 4Sep 11$1.5549.7%42.4%
$140.00Sep 4Sep 11$1.6548.8%41.6%
$142.00Sep 4Sep 11$1.6950.0%42.8%
$141.00Sep 4Sep 11$1.7048.6%41.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 2.88% of stock, avg 7.76%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$142.00Sep 4$2.00$2.09$4.09$137.91$146.092.88%
$141.00Sep 4$2.53$1.58$4.11$136.89$145.112.90%
$140.00Sep 4$3.09$1.19$4.28$135.72$144.283.02%
$143.00Sep 4$1.54$2.75$4.29$138.71$147.293.02%
$144.00Sep 4$1.16$3.32$4.48$139.52$148.483.16%
$145.00Sep 4$0.85$4.03$4.88$140.12$149.883.44%
$138.00Sep 4$4.47$0.65$5.12$132.88$143.123.61%
$146.00Sep 4$0.67$4.68$5.35$140.65$151.353.77%
$137.00Sep 4$5.40$0.46$5.86$131.14$142.864.13%
$147.00Sep 4$0.42$6.05$6.47$140.53$153.474.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.80% of stock, avg 5.27%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$146.00$137.00Sep 4$0.67$0.46$1.13$135.87$147.13
$146.00$138.00Sep 4$0.67$0.65$1.32$136.68$147.32
$145.00$137.00Sep 4$0.85$0.46$1.31$135.69$146.31
$145.00$138.00Sep 4$0.85$0.65$1.50$136.50$146.50
$146.00$139.00Sep 4$0.67$0.90$1.57$137.43$147.57
$145.00$139.00Sep 4$0.85$0.90$1.75$137.25$146.75
$144.00$137.00Sep 4$1.16$0.46$1.62$135.38$145.62
$144.00$138.00Sep 4$1.16$0.65$1.81$136.19$145.81
$146.00$140.00Sep 4$0.67$1.19$1.86$138.14$147.86
$145.00$140.00Sep 4$0.85$1.19$2.04$137.96$147.04

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 182 found (best R:R 0.63, avg credit $0.74)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
115/117155/158Sep 11$0.97$1.5379%0.63$116.03$155.97
115/117149/150Sep 11$1.07$0.9366%1.15$115.93$150.07
134/135149/150Sep 11$0.81$0.1952%4.26$134.19$149.81
115/117152/155Sep 11$0.97$1.5374%0.63$116.03$153.47
134/135146/147Sep 11$0.86$0.1442%6.14$134.14$146.86
115/117146/147Sep 11$1.12$0.8856%1.27$115.88$147.12
120/121149/150Sep 11$0.51$0.4970%1.04$120.49$149.51
115/117148/149Sep 11$0.93$1.0763%0.87$116.07$148.93
134/135149/150Sep 18$0.76$0.2441%3.17$134.24$149.76
120/121146/147Sep 11$0.56$0.4460%1.27$120.44$146.56

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$125.00$130.00$135.00Oct 16$0.07$4.9316%70.43
$135.00$140.00$145.00Oct 16$0.17$4.8319%28.41
$152.50$155.00$157.50Oct 2$0.08$2.428%30.25
$150.00$152.50$155.00Sep 4$0.06$2.446%40.67
$141.00$142.00$143.00Sep 4$0.07$0.9316%13.29
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$145.00$150.00$155.00Oct 16$0.12$4.8817%40.67
$130.00$135.00$140.00Oct 16$0.31$4.6918%15.13
$120.00$125.00$130.00Oct 2$0.14$4.8612%34.71
$115.00$120.00$125.00Oct 16$0.15$4.859%32.33
$120.00$125.00$130.00Sep 18$0.20$4.8011%24.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 111 found (best net $-0.98, 103 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$120.00$134.001:2Oct 2-$0.98$13.02
$120.00$130.001:2Sep 18-$4.32$5.68
$150.00$157.501:2Oct 9-$1.14$6.36
$160.00$165.001:2Oct 2-$0.05$4.95
$165.00$170.001:2Oct 16-$0.38$4.62
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$160.00$150.001:2Sep 18-$1.07$8.93
$130.00$125.001:2Oct 9-$0.45$4.55
$134.00$130.001:2Sep 18-$0.30$3.70
$130.00$125.001:2Sep 18-$0.11$4.89
$130.00$125.001:2Sep 25-$0.31$4.69

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 82 found (best yield 4.65%, avg 1.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$145.00Oct 16$6.600.472.2%4.65%6.86%25699
$150.00Oct 16$4.700.385.7%3.31%9.04%891.2K
$155.00Oct 16$3.400.309.2%2.40%11.65%721.1K
$160.00Oct 16$2.750.2412.8%1.94%14.72%1172.1K
$143.00Oct 2$6.200.500.8%4.37%5.17%6--
$146.00Oct 2$4.950.442.9%3.49%6.40%29
$144.00Oct 9$5.600.481.5%3.95%5.45%1063
$143.00Oct 9$6.050.500.8%4.26%5.06%31
$142.00Oct 9$6.400.520.1%4.51%4.60%143
$145.00Oct 2$5.000.462.2%3.52%5.73%4--

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 9,053
Total Puts 6,371
Put/Call Ratio 0.70
Net Difference 2,682

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 119,334
Total Puts 101,835
Average Put/Call Ratio 0.84
Ratio Trend Falling

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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