Tour v526
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SHOPIFY INC A
$145.09 -0.54%
$144.82 (-0.19%)🌙
as of 09/04 06:59 PM
9/4 18:59

Option Volume

Detail
Current (09/04) 32,103
Calls: 22,430 (70%)
Puts: 9,673 (30%)
Prior (09/03) 36,126
Calls: 19,885 (55%)
Puts: 16,241 (45%)
Current vs Prior -11.14%
Calls: +12.80% (Calls)
Puts: -40.44% (Puts)
Prior 7-Day Total 196,424
Calls: 107,892 (55%)
Puts: 88,532 (45%)
Prior 7-Day Average 28,060
Calls: 15,413 (55%)
Puts: 12,647 (45%)
Current vs Prior 7-Day Avg +14.41%
Calls: +45.53%
Puts: -23.52%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/04) $13.46M
Calls: $8.53M (63%)
Puts: $4.93M (37%)
Prior (09/03) $16.94M
Calls: $10.84M (64%)
Puts: $6.10M (36%)
Current vs Prior -20.58%
Calls: -21.31%
Puts: -19.27%
Prior 7-Day Total $115.31M
Calls: $69.94M (61%)
Puts: $45.37M (39%)
Prior 7-Day Average $16.47M
Calls: $9.99M (61%)
Puts: $6.48M (39%)
Current vs Prior 7-Day Avg -18.30%
Calls: -14.60%
Puts: -24.01%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/04) 0.43
Prior (09/03) 0.82
Current vs Prior -47.20%
Prior 7-Day Average 0.80
Current vs Prior 7-Day Avg -45.76%
Sentiment BULLISH

Open Interest

Detail
Current (09/04) 443,302
Calls: 344,794 (78%)
Puts: 98,508 (22%)
Prior (09/03) 465,544
Calls: 356,733 (77%)
Puts: 108,811 (23%)
Current vs Prior -4.78%
Prior 7-Day Total 3,758,172
Calls: 2,925,070 (78%)
Puts: 833,102 (22%)
Prior 7-Day Average 536,881
Calls: 417,867 (78%)
Puts: 119,014 (22%)
Current vs Prior 7-Day Avg -17.43%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 1.06% | 6.31%7.89% | 14.54%
Prior 2.56% | 5.74%7.63% | 14.16%
Current vs Prior +145.98% | +37.38%+3.44% | +2.69%
Prior 7-Day Avg 3.79% | 6.24%8.42% | 14.23%
Current vs 7-Day Avg +66.33% | +26.43%-6.26% | +2.22%
Prior 7-Day Eod 2.56% | 5.74%7.63% | 14.16%
Current vs 7-Day Eod +145.98% | +37.38%+3.44% | +2.69%
Sentiment BEARISHBEARISH

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 63% call dollar volume ($8.53M). Extreme bullish P/C ratio of 0.43 - heavy call buying (22,430 calls vs 9,673 puts). P/C ratio dropping 47% - sentiment shifting bullish. Call-heavy open interest (344,794 calls vs 98,508 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 BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 5 of results (avg 9.1%, best 8.1%)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$138.00Oct 211.2512.20$11.738.1%40.6929
$118.00Sep 426.7029.15$27.928.8%20.91--
$119.00Sep 425.5528.15$26.859.7%20.91--
$122.00Sep 422.1024.35$23.239.7%20.99--
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$170.00Sep 423.6525.95$24.809.3%21.00--

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. 105 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 414.4517.10$15.7816.8%951.00207
$137.00Sep 46.9010.10$8.5037.6%31.009
$122.00Sep 422.1024.35$23.239.7%20.99--
$120.00Sep 1124.4527.30$25.8811.0%450.9926
$125.00Sep 1119.4522.30$20.8813.6%140.98--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$146.00Sep 40.392.06$1.23135.8%3131.00334
$148.00Sep 41.804.50$3.1585.7%1601.00133
$150.00Sep 43.755.80$4.7842.9%931.004.5K
$152.50Sep 46.258.55$7.4031.1%91.00100
$170.00Sep 423.6525.95$24.809.3%21.00--

Most actively traded options today. High liquidity = easy entry/exit. 277 active (total vol 26.7K, top 3.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Sep 183.504.00$3.7513.3%3.7K0.4010.4K
$150.00Sep 111.812.75$2.2841.2%1.8K0.36748
$148.00Sep 40.000.01$0.01100.0%1.0K0.01510
$147.00Sep 40.020.27$0.15166.7%9260.16547
$146.00Sep 113.455.15$4.3039.5%9240.52420
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$147.00Sep 114.105.95$5.0336.8%6550.5440
$145.00Sep 40.030.15$0.09133.3%5650.344.2K
$145.00Sep 112.594.60$3.6055.8%5170.46779
$140.00Sep 182.603.40$3.0026.7%4850.321.9K
$139.00Sep 111.542.14$1.8432.6%4600.262.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 640.1%, max 1945.3%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$141.00Sep 4Sep 25616.4%47.7%1193.4%5162
$143.00Sep 4Oct 2199.8%44.4%350.1%115278
$147.00Sep 4Oct 9160.4%47.9%234.8%927555
$144.00Sep 4Sep 25130.0%46.5%179.5%144337
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$136.00Sep 4Sep 25977.7%47.8%1945.3%520
$141.00Sep 4Oct 9616.4%44.4%1288.7%68186
$143.00Sep 4Oct 9199.8%45.0%344.4%51190
$144.00Sep 4Oct 9130.0%44.4%192.6%285568
$134.00Sep 11Oct 262.4%47.1%32.5%1984.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 150 found (best R:R 0.75, avg 3.44)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$135.00$140.00Sep 18$2.85$2.15$2.8580%0.75$137.85
$131.00$132.00Sep 11$0.33$0.67$0.3392%2.03$131.33
$155.00$157.50Oct 9$0.25$2.25$0.2536%9.00$155.25
$124.00$125.00Sep 4$0.37$0.63$0.3789%1.70$124.37
$135.00$140.00Oct 16$2.83$2.17$2.8371%0.77$137.83
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$149.00$148.00Sep 4$0.54$0.46$0.5495%0.85$148.46
$152.50$150.00Sep 18$1.25$1.25$1.2568%1.00$151.25
$145.00$144.00Sep 18$0.10$0.90$0.1046%9.00$144.90
$146.00$145.00Sep 18$0.20$0.80$0.2049%4.00$145.80
$143.00$142.00Sep 18$0.15$0.85$0.1541%5.67$142.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 0.46, avg 0.57)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$165.00$167.50Sep 4$0.79$0.79$1.7186%0.46$165.79
$150.00$155.00Oct 2$2.20$2.20$2.8056%0.79$152.20
$157.50$160.00Oct 9$1.07$1.07$1.4367%0.75$158.57
$167.50$170.00Oct 2$0.57$0.57$1.9384%0.30$168.07
$167.50$170.00Sep 4$0.26$0.26$2.2495%0.12$167.76
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$135.00$130.00Oct 9$1.71$1.71$3.2972%0.52$133.29
$134.00$130.00Oct 2$1.34$1.34$2.6676%0.50$132.66
$139.00$138.00Sep 18$0.87$0.87$0.1369%6.69$138.13
$126.00$125.00Oct 9$0.58$0.58$0.4285%1.38$125.42
$142.00$141.00Sep 18$0.75$0.75$0.2562%3.00$141.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $3.96, cheapest $3.51)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Sep 4Sep 11$4.4139.2%50.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$145.00Sep 4Sep 11$3.5139.2%50.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 0.28% of stock, avg 7.23%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$145.00Sep 4$0.31$0.09$0.40$144.60$145.400.28%
$146.00Sep 4$0.04$1.23$1.27$144.73$147.270.88%
$144.00Sep 4$1.66$0.16$1.82$142.18$145.821.25%
$147.00Sep 4$0.15$2.12$2.27$144.73$149.271.56%
$143.00Sep 4$2.58$0.18$2.76$140.24$145.761.90%
$148.00Sep 4$0.01$3.15$3.16$144.84$151.162.18%
$149.00Sep 4$0.10$3.69$3.79$145.21$152.792.61%
$142.00Sep 4$3.83$0.03$3.86$138.14$145.862.66%
$150.00Sep 4$0.01$4.78$4.79$145.21$154.793.30%
$141.00Sep 4$4.38$1.07$5.45$135.55$146.453.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.09% of stock, avg 5.44%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$146.00$145.00Sep 4$0.04$0.09$0.13$144.87$146.13
$146.00$144.00Sep 4$0.04$0.16$0.20$143.80$146.20
$146.00$143.00Sep 4$0.04$0.18$0.22$142.78$146.22
$149.00$145.00Sep 4$0.10$0.09$0.19$144.81$149.19
$149.00$144.00Sep 4$0.10$0.16$0.26$143.74$149.26
$149.00$143.00Sep 4$0.10$0.18$0.28$142.72$149.28
$147.00$145.00Sep 4$0.15$0.09$0.24$144.76$147.24
$147.00$144.00Sep 4$0.15$0.16$0.31$143.69$147.31
$147.00$143.00Sep 4$0.15$0.18$0.33$142.67$147.33
$167.50$143.00Sep 4$0.27$0.18$0.45$142.55$167.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 194 found (best R:R 2.68, avg credit $0.91)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
135/136165/168Sep 4$1.82$0.6869%2.68$134.18$166.82
140/141165/168Sep 4$1.76$0.7461%2.38$139.24$166.76
135/136168/170Sep 4$1.29$1.2177%1.07$134.71$168.79
140/141168/170Sep 4$1.23$1.2769%0.97$139.77$168.73
125/126158/160Oct 9$1.65$0.8552%1.94$124.35$159.15
130/134168/170Oct 2$1.91$2.0960%0.91$132.09$169.41
125/126165/168Oct 9$1.21$1.2962%0.94$124.79$166.21
142/143165/168Sep 4$0.94$1.5671%0.60$142.06$165.94
125/126160/162Sep 11$0.50$2.0084%0.25$125.50$160.50
130/134160/162Oct 2$2.12$1.8849%1.13$131.88$162.12

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 16.86, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$152.50$155.00$157.50Sep 11$0.08$2.4213%30.25
$150.00$152.50$155.00Sep 11$0.11$2.3915%21.73
$155.00$157.50$160.00Sep 11$0.07$2.4311%34.71
$150.00$152.50$155.00Sep 18$0.11$2.3912%21.73
$157.50$160.00$162.50Sep 11$0.10$2.409%24.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$125.00$130.00$135.00Oct 16$0.28$4.7214%16.86
$135.00$140.00$145.00Oct 16$0.41$4.5918%11.20
$148.00$149.00$150.00Sep 11$0.05$0.958%19.00
$139.00$140.00$141.00Sep 11$0.07$0.935%13.29
$120.00$125.00$130.00Sep 18$0.23$4.777%20.74

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 97 found (best net $-2.55, 83 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$126.00$135.001:2Sep 25-$5.61$3.39
$150.00$155.001:2Oct 2-$1.33$3.67
$160.00$162.501:2Sep 11-$0.02$2.48
$157.50$160.001:2Sep 11-$0.15$2.35
$165.00$170.001:2Sep 11-$0.04$4.96
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$155.00$145.001:2Oct 16-$2.55$7.45
$160.00$152.501:2Sep 18-$4.12$3.38
$147.00$146.001:2Sep 4-$0.34$0.66
$134.00$130.001:2Oct 2-$0.24$3.76
$135.00$130.001:2Oct 9-$0.61$4.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 4.82%, avg 1.74%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$150.00Oct 16$7.000.463.4%4.82%8.21%1791.3K
$155.00Oct 16$5.000.376.8%3.45%10.28%371.1K
$160.00Oct 16$3.550.2910.3%2.45%12.72%642.1K
$157.50Oct 9$3.550.338.6%2.45%11.00%162
$147.00Oct 9$6.500.501.3%4.48%5.80%18
$149.00Oct 9$5.600.462.7%3.86%6.55%501
$146.00Oct 9$6.900.520.6%4.76%5.38%212
$150.00Oct 2$5.250.433.4%3.62%7.00%15112
$150.00Oct 9$5.200.443.4%3.58%6.97%1--
$152.50Oct 9$4.300.405.1%2.96%8.07%17

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 22,430
Total Puts 9,673
Put/Call Ratio 0.43
Net Difference 12,757

Prior's Put/Call Breakdown

Total Calls 19,885
Total Puts 16,241
Put/Call Ratio 0.82
Net Difference 3,644

Prior 7-Day Put/Call Summary

Total Calls 107,892
Total Puts 88,532
Average Put/Call Ratio 0.80
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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