Tour v527
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SHOPIFY INC A
$126.60 -0.15%
$127.36 (+0.60%)🌙
as of 09/10 07:02 PM
9/10 19:02

Option Volume

Detail
Current (09/10) 41,848
Calls: 19,210 (46%)
Puts: 22,638 (54%)
Prior (09/09) 63,294
Calls: 38,550 (61%)
Puts: 24,744 (39%)
Current vs Prior -33.88%
Calls: -50.17% (Calls)
Puts: -8.51% (Puts)
Prior 7-Day Total 299,691
Calls: 169,866 (57%)
Puts: 129,825 (43%)
Prior 7-Day Average 42,813
Calls: 24,266 (57%)
Puts: 18,546 (43%)
Current vs Prior 7-Day Avg -2.25%
Calls: -20.84%
Puts: +22.06%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/10) $24.90M
Calls: $5.49M (22%)
Puts: $19.41M (78%)
Prior (09/09) $27.34M
Calls: $13.47M (49%)
Puts: $13.87M (51%)
Current vs Prior -8.91%
Calls: -59.25%
Puts: +39.98%
Prior 7-Day Total $144.78M
Calls: $81.46M (56%)
Puts: $63.32M (44%)
Prior 7-Day Average $20.68M
Calls: $11.64M (56%)
Puts: $9.05M (44%)
Current vs Prior 7-Day Avg +20.39%
Calls: -52.84%
Puts: +114.59%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/10) 1.18
Prior (09/09) 0.64
Current vs Prior +83.60%
Prior 7-Day Average 0.76
Current vs Prior 7-Day Avg +55.78%
Sentiment BEARISH

Open Interest

Detail
Current (09/10) 574,691
Calls: 396,001 (69%)
Puts: 178,690 (31%)
Prior (09/09) 669,132
Calls: 475,766 (71%)
Puts: 193,366 (29%)
Current vs Prior -14.11%
Prior 7-Day Total 3,911,933
Calls: 2,972,130 (76%)
Puts: 939,803 (24%)
Prior 7-Day Average 558,847
Calls: 424,590 (76%)
Puts: 134,257 (24%)
Current vs Prior 7-Day Avg +2.84%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 2.90% | 6.24%6.24% | 14.18%
Prior 4.08% | 8.96%8.96% | 14.49%
Current vs Prior -28.91% | -30.35%-30.35% | -2.14%
Prior 7-Day Avg 4.18% | 6.83%7.90% | 14.21%
Current vs 7-Day Avg -30.71% | -8.67%-20.99% | -0.24%
Prior 7-Day Eod 4.08% | 8.96%8.96% | 14.49%
Current vs 7-Day Eod -28.91% | -30.35%-30.35% | -2.14%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 18.62% | 31.05%
Calls: 17.73% | 47.19%
Puts: 19.52% | 14.91%
Prior 18.62% | 31.05%
Calls: 17.73% | 47.19%
Puts: 19.52% | 14.91%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 14.70% | 23.41%
Calls: 14.30% | 33.88%
Puts: 15.10% | 12.95%
Current vs 7-Day Avg +26.68% | +32.61%
Liquidity Expensive
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🤖 AI Insights

Strong bearish conviction with 78% of dollar volume in puts ($19.41M) vs calls ($5.49M). Slightly bearish P/C ratio of 1.18. P/C ratio rising 84% - increased hedging/bearish positioning. Call-heavy open interest (396,001 calls vs 178,690 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
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 10 of results (avg 7.7%, best 6.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 187.608.10$7.856.4%1030.782.5K
$125.00Oct 168.409.00$8.706.9%1170.57846
$130.00Oct 166.006.45$6.237.2%2300.46899
$126.00Sep 183.854.15$4.007.5%2170.55--
$125.00Sep 184.304.70$4.508.9%1060.592.4K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Oct 166.356.75$6.556.1%340.431.3K
$134.00Sep 187.958.55$8.257.3%660.78218
$128.00Sep 112.302.50$2.408.3%2540.63811

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.49, cheapest $0.49)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Sep 180.450.53$0.4916.3%1700.1148.2K
PUTS (0)
No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 120 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Sep 1819.5523.05$21.3016.4%10.96--
$118.00Sep 116.659.80$8.2338.3%20.9417
$120.00Sep 114.657.85$6.2551.2%10.9431
$121.00Sep 113.607.55$5.5870.8%150.914
$115.00Sep 1810.0013.35$11.6828.7%20.901.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Sep 1822.2525.45$23.8513.4%1031.00763
$150.00Sep 1122.3525.60$23.9813.6%171.00--
$142.00Sep 1113.7017.60$15.6524.9%1901.00147
$143.00Sep 1114.7017.90$16.3019.6%211.0026
$144.00Sep 1115.7019.65$17.6722.4%2181.00--

Most actively traded options today. High liquidity = easy entry/exit. 304 active (total vol 30.8K, top 2.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 110.380.55$0.4736.2%1.7K0.211.1K
$132.00Sep 110.180.23$0.2123.8%1.7K0.10553
$127.00Sep 111.251.61$1.4325.2%1.7K0.47117
$150.00Oct 161.411.58$1.5011.3%9070.162.9K
$128.00Sep 110.791.17$0.9838.8%6660.37359
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 181.151.32$1.2313.8%2.2K0.222.0K
$139.00Sep 1111.3514.60$12.9825.0%2.0K0.992.3K
$134.00Sep 116.359.65$8.0041.3%2.0K0.923.0K
$115.00Sep 180.300.64$0.4772.3%2.0K0.102.7K
$126.00Sep 111.201.51$1.3622.8%1.3K0.44319

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 30.9%, max 36.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$127.00Sep 11Oct 2364.1%47.1%36.0%1.7K119
$126.00Sep 11Oct 964.6%47.7%35.4%56461
$125.00Sep 11Oct 1663.3%46.8%35.3%121895
$131.00Sep 11Oct 2365.2%49.8%30.9%561226
$129.00Sep 11Oct 262.8%48.9%28.4%7886
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$127.00Sep 11Oct 964.1%47.7%34.4%1.0K293
$124.00Sep 11Oct 2363.9%47.8%33.7%109133
$131.00Sep 11Oct 265.2%48.8%33.5%32591
$123.00Sep 11Oct 2363.9%47.9%33.4%46540
$126.00Sep 11Oct 264.6%48.5%33.0%1.3K327

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 161 found (best R:R 1.11, avg 3.23)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$115.00$117.00Sep 18$0.95$1.05$0.9590%1.11$115.95
$122.00$125.00Oct 2$1.40$1.60$1.4065%1.14$123.40
$119.00$120.00Oct 9$0.30$0.70$0.3070%2.33$119.30
$127.00$130.00Oct 23$1.10$1.90$1.1052%1.73$128.10
$135.00$137.00Oct 9$0.30$1.70$0.3035%5.67$135.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$133.00$132.00Sep 11$0.32$0.68$0.3291%2.12$132.68
$141.00$140.00Sep 25$0.28$0.72$0.2883%2.57$140.72
$130.00$129.00Sep 11$0.36$0.64$0.3679%1.78$129.64
$143.00$142.00Sep 11$0.65$0.35$0.65100%0.54$142.35
$146.00$145.00Sep 11$0.63$0.37$0.6396%0.59$145.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 123 found (best R:R 2.23, avg 0.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$148.00$149.00Oct 23$0.69$0.69$0.3179%2.23$148.69
$137.00$140.00Oct 9$1.21$1.21$1.7968%0.68$138.21
$127.00$128.00Sep 25$0.88$0.88$0.1248%7.33$127.88
$137.00$140.00Oct 23$1.28$1.28$1.7265%0.74$138.28
$127.00$128.00Sep 18$0.79$0.79$0.2150%3.76$127.79
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$115.00$110.00Oct 23$1.43$1.43$3.5775%0.40$113.57
$125.00$124.00Oct 23$0.88$0.88$0.1256%7.33$124.12
$122.00$121.00Oct 23$0.75$0.75$0.2562%3.00$121.25
$119.00$118.00Sep 18$0.55$0.55$0.4578%1.22$118.45
$110.00$105.00Oct 16$0.88$0.88$4.1284%0.21$109.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $1.90, cheapest $1.46)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$126.00Sep 11Sep 18$2.1664.6%42.1%
$125.00Sep 11Sep 18$2.0063.3%46.7%
$128.00Sep 11Sep 18$1.8862.3%46.7%
$127.00Sep 11Sep 18$2.2264.1%51.3%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$126.00Sep 11Sep 18$1.4664.6%42.1%
$125.00Sep 11Sep 18$1.7663.3%46.7%
$128.00Sep 11Sep 18$1.6862.3%46.7%
$127.00Sep 11Sep 18$2.0764.1%51.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 77 found (cheapest 2.53% of stock, avg 8.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$126.00Sep 11$1.84$1.36$3.20$122.80$129.202.53%
$127.00Sep 11$1.43$1.83$3.26$123.74$130.262.58%
$128.00Sep 11$0.98$2.40$3.38$124.62$131.382.67%
$125.00Sep 11$2.50$0.93$3.43$121.57$128.432.71%
$124.00Sep 11$3.22$0.63$3.85$120.15$127.853.04%
$129.00Sep 11$0.68$3.23$3.91$125.09$132.913.09%
$130.00Sep 11$0.47$3.59$4.06$125.94$134.063.21%
$122.00Sep 11$4.38$0.28$4.66$117.34$126.663.68%
$123.00Sep 11$4.35$0.41$4.76$118.24$127.763.76%
$131.00Sep 11$0.32$5.18$5.50$125.50$136.504.34%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.47% of stock, avg 5.87%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$131.00$122.00Sep 11$0.32$0.28$0.60$121.40$131.60
$131.00$123.00Sep 11$0.32$0.41$0.73$122.27$131.73
$130.00$122.00Sep 11$0.47$0.28$0.75$121.25$130.75
$130.00$123.00Sep 11$0.47$0.41$0.88$122.12$130.88
$131.00$124.00Sep 11$0.32$0.63$0.95$123.05$131.95
$129.00$122.00Sep 11$0.68$0.28$0.96$121.04$129.96
$130.00$124.00Sep 11$0.47$0.63$1.10$122.90$131.10
$129.00$123.00Sep 11$0.68$0.41$1.09$121.91$130.09
$129.00$124.00Sep 11$0.68$0.63$1.31$122.69$130.31
$131.00$125.00Sep 11$0.32$0.93$1.25$123.75$132.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 152 found (best R:R 2.85, avg credit $0.81)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
118/119139/140Sep 18$0.74$0.2665%2.85$118.26$139.74
119/120149/150Oct 9$0.82$0.1853%4.56$119.18$149.82
118/119135/136Sep 18$0.72$0.2859%2.57$118.28$135.72
118/119133/134Sep 18$0.77$0.2353%3.35$118.23$133.77
115/116147/148Sep 11$0.39$0.6188%0.64$115.61$147.39
118/119134/135Sep 18$0.69$0.3156%2.23$118.31$134.69
118/119132/133Sep 18$0.71$0.2950%2.45$118.29$132.71
120/121135/136Oct 2$0.84$0.1635%5.25$120.16$135.84
115/116138/139Sep 11$0.30$0.7089%0.43$115.70$138.30
115/116134/135Sep 11$0.32$0.6886%0.47$115.68$134.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 found (best R:R 34.71, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$135.00$140.00$145.00Oct 16$0.14$4.8616%34.71
$120.00$125.00$130.00Oct 16$0.35$4.6520%13.29
$124.00$125.00$126.00Sep 11$0.06$0.9418%15.67
$129.00$130.00$131.00Sep 11$0.06$0.9413%15.67
$128.00$129.00$130.00Sep 11$0.09$0.9116%10.11
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$115.00$120.00$125.00Oct 16$0.27$4.7320%17.52
$105.00$110.00$115.00Oct 2$0.13$4.8711%37.46
$105.00$110.00$115.00Oct 16$0.23$4.7714%20.74
$125.00$130.00$135.00Oct 16$0.48$4.5220%9.42
$135.00$140.00$145.00Oct 16$0.36$4.6415%12.89

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 103 found (best net $-2.06, 96 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$105.00$115.001:2Sep 18-$2.06$7.94
$113.00$118.001:2Sep 11-$3.38$1.62
$145.00$149.001:2Oct 2-$0.32$3.68
$140.00$145.001:2Oct 16-$1.04$3.96
$131.00$132.001:2Sep 11-$0.10$0.90
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$135.001:2Oct 9-$3.99$6.01
$110.00$105.001:2Oct 16-$0.01$4.99
$115.00$110.001:2Oct 9-$0.40$4.60
$125.00$121.001:2Sep 25-$1.05$2.95
$110.00$105.001:2Oct 9-$0.14$4.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 94 found (best yield 4.03%, avg 1.59%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$135.00Oct 23$5.100.396.6%4.03%10.66%230
$130.00Oct 23$6.700.472.7%5.29%7.98%2633
$136.00Oct 23$4.250.377.4%3.36%10.78%24
$130.00Oct 16$6.000.462.7%4.74%7.42%230899
$132.00Oct 23$5.050.444.3%3.99%8.25%12--
$131.00Oct 23$5.400.453.5%4.27%7.74%1012
$135.00Oct 16$4.250.376.6%3.36%9.99%20446.4K
$127.00Oct 23$7.150.520.3%5.65%5.96%52
$133.00Oct 23$4.650.425.1%3.67%8.73%10--
$137.00Oct 23$3.350.358.2%2.65%10.86%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 19,210
Total Puts 22,638
Put/Call Ratio 1.18
Net Difference -3,428

Prior's Put/Call Breakdown

Total Calls 38,550
Total Puts 24,744
Put/Call Ratio 0.64
Net Difference 13,806

Prior 7-Day Put/Call Summary

Total Calls 169,866
Total Puts 129,825
Average Put/Call Ratio 0.76
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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