Tour v527
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SHOPIFY INC A
$128.79 +1.73%
$129.00 (+0.16%)🌙
as of 09/11 06:59 PM
9/11 18:59

Option Volume

Detail
Current (09/11) 30,111
Calls: 16,428 (55%)
Puts: 13,683 (45%)
Prior (09/10) 41,848
Calls: 19,210 (46%)
Puts: 22,638 (54%)
Current vs Prior -28.05%
Calls: -14.48% (Calls)
Puts: -39.56% (Puts)
Prior 7-Day Total 313,041
Calls: 173,048 (55%)
Puts: 139,993 (45%)
Prior 7-Day Average 44,720
Calls: 24,721 (55%)
Puts: 19,999 (45%)
Current vs Prior 7-Day Avg -32.67%
Calls: -33.55%
Puts: -31.58%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/11) $11.17M
Calls: $5.72M (51%)
Puts: $5.45M (49%)
Prior (09/10) $24.90M
Calls: $5.49M (22%)
Puts: $19.41M (78%)
Current vs Prior -55.13%
Calls: +4.21%
Puts: -71.91%
Prior 7-Day Total $152.81M
Calls: $76.18M (50%)
Puts: $76.63M (50%)
Prior 7-Day Average $21.83M
Calls: $10.88M (50%)
Puts: $10.95M (50%)
Current vs Prior 7-Day Avg -48.82%
Calls: -47.44%
Puts: -50.20%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/11) 0.83
Prior (09/10) 1.18
Current vs Prior -29.32%
Prior 7-Day Average 0.81
Current vs Prior 7-Day Avg +2.36%
Sentiment NEUTRAL

Open Interest

Detail
Current (09/11) 531,973
Calls: 356,302 (67%)
Puts: 175,671 (33%)
Prior (09/10) 574,691
Calls: 396,001 (69%)
Puts: 178,690 (31%)
Current vs Prior -7.43%
Prior 7-Day Total 3,918,969
Calls: 2,928,484 (75%)
Puts: 990,485 (25%)
Prior 7-Day Average 559,852
Calls: 418,354 (75%)
Puts: 141,497 (25%)
Current vs Prior 7-Day Avg -4.98%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)
Current 1.37% | 5.40%5.40% | 13.63%
Prior 2.90% | 6.24%6.24% | 14.18%
Current vs Prior +86.42% | +22.31%-13.40% | -3.89%
Prior 7-Day Avg 3.98% | 6.82%7.64% | 14.24%
Current vs 7-Day Avg +35.94% | +11.92%-29.26% | -4.34%
Prior 7-Day Eod 2.90% | 6.24%6.24% | 14.18%
Current vs 7-Day Eod +86.42% | +22.31%-13.40% | -3.89%
Sentiment BEARISHBULLISH

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 15.48% | 24.94%
Calls: 14.99% | 36.54%
Puts: 15.98% | 13.34%
Current vs 7-Day Avg +20.26% | +24.49%
Liquidity Expensive
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🤖 AI Insights

Light premium activity with dollar volume down 55% vs prior. P/C ratio dropping 29% - sentiment shifting bullish. Call-heavy open interest (356,302 calls vs 175,671 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 BEARISH
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 2 of results (avg 9.7%, best 9.6%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 182.682.95$2.829.6%3140.453.4K
$145.00Oct 162.352.59$2.479.7%1190.23781
PUTS (0)
No puts meet the criteria

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. 127 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Sep 1117.5020.65$19.0816.5%111.0095
$120.00Sep 116.9510.65$8.8042.0%101.0031
$122.00Sep 115.557.90$6.7334.9%31.007
$126.00Sep 110.984.15$2.57123.3%401.00546
$128.00Sep 110.002.64$1.32200.0%2151.00613
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$150.00Sep 1119.8523.10$21.4815.1%11.00--
$145.00Sep 1115.1017.40$16.2514.2%291.0029
$147.00Sep 1117.1520.10$18.6315.8%11.004
$141.00Sep 1111.1513.40$12.2818.3%180.9910
$135.00Sep 115.057.75$6.4042.2%860.99349

Most actively traded options today. High liquidity = easy entry/exit. 323 active (total vol 22.7K, top 2.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 181.101.37$1.2421.8%2.6K0.253.2K
$130.00Sep 110.000.52$0.26200.0%1.1K0.242.1K
$132.00Sep 110.000.13$0.07185.7%8600.071.1K
$140.00Sep 180.410.51$0.4621.7%6310.1148.3K
$135.00Oct 165.005.65$5.3312.2%5070.4146.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$125.00Sep 181.471.86$1.6723.4%1.6K0.314.1K
$130.00Sep 254.555.55$5.0519.8%1.4K0.53653
$130.00Sep 110.881.62$1.2559.2%1.0K0.762.3K
$131.00Sep 111.103.75$2.42109.5%5220.93567
$130.00Sep 183.354.20$3.7822.5%4340.554.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 7 strikes (avg 1034.7%, max 2331.3%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$119.00Sep 11Sep 251145.6%47.1%2331.3%1918
$130.00Sep 11Oct 23189.1%50.6%273.3%1.1K2.1K
$129.00Sep 11Oct 2365.4%47.9%36.7%90104
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$119.00Sep 11Oct 91145.6%49.0%2235.9%770
$121.00Sep 11Oct 2984.7%46.3%2026.5%638
$130.00Sep 11Oct 16189.1%48.1%292.8%1.2K3.2K
$129.00Sep 11Oct 965.4%44.6%46.6%320422

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 158 found (best R:R 0.58, avg 3.47)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$110.00$115.00Oct 16$3.16$1.84$3.1686%0.58$113.16
$120.00$127.00Oct 23$3.95$3.05$3.9570%0.77$123.95
$126.00$127.00Sep 11$0.43$0.57$0.43100%1.33$126.43
$138.00$140.00Oct 23$0.20$1.80$0.2037%9.00$138.20
$130.00$135.00Oct 16$1.72$3.28$1.7250%1.91$131.72
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$143.00$142.00Sep 25$0.26$0.74$0.2687%2.85$142.74
$144.00$143.00Sep 18$0.53$0.47$0.5394%0.89$143.47
$135.00$134.00Sep 18$0.40$0.60$0.4075%1.50$134.60
$133.00$132.00Sep 18$0.38$0.62$0.3868%1.63$132.62
$128.00$125.00Oct 23$0.97$2.03$0.9745%2.09$127.03

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 119 found (best R:R 1.08, avg 0.61)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$146.00$147.00Sep 11$0.68$0.68$0.3289%2.12$146.68
$139.00$140.00Oct 9$0.84$0.84$0.1668%5.25$139.84
$137.00$138.00Oct 23$0.67$0.67$0.3361%2.03$137.67
$149.00$150.00Oct 23$0.44$0.44$0.5678%0.79$149.44
$143.00$145.00Oct 9$0.62$0.62$1.3876%0.45$143.62
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$117.00$115.00Sep 11$1.04$1.04$0.9685%1.08$115.96
$126.00$125.00Oct 9$0.85$0.85$0.1560%5.67$125.15
$119.00$118.00Sep 11$0.57$0.57$0.4383%1.33$118.43
$116.00$115.00Oct 23$0.63$0.63$0.3776%1.70$115.37
$119.00$117.00Oct 9$0.84$0.84$1.1675%0.72$118.16

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.92, cheapest $2.89)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$129.00Sep 11Sep 18$2.9565.4%45.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$129.00Sep 11Sep 18$2.8965.4%45.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 76 found (cheapest 0.44% of stock, avg 8.00%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$129.00Sep 11$0.13$0.44$0.57$128.43$129.570.44%
$128.00Sep 11$1.32$0.05$1.37$126.63$129.371.06%
$130.00Sep 11$0.26$1.25$1.51$128.49$131.511.17%
$127.00Sep 11$2.14$0.08$2.22$124.78$129.221.72%
$131.00Sep 11$0.05$2.42$2.47$128.53$133.471.92%
$126.00Sep 11$2.57$0.02$2.59$123.41$128.592.01%
$132.00Sep 11$0.07$3.55$3.62$128.38$135.622.81%
$125.00Sep 11$3.85$0.08$3.93$121.07$128.933.05%
$133.00Sep 11$0.01$4.43$4.44$128.56$137.443.45%
$124.00Sep 11$4.60$0.06$4.66$119.34$128.663.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 0.09% of stock, avg 5.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$132.00$128.00Sep 11$0.07$0.05$0.12$127.88$132.12
$132.00$127.00Sep 11$0.07$0.08$0.15$126.85$132.15
$129.00$128.00Sep 11$0.13$0.05$0.18$127.82$129.18
$136.00$128.00Sep 11$0.18$0.05$0.23$127.77$136.23
$129.00$127.00Sep 11$0.13$0.08$0.21$126.79$129.21
$136.00$127.00Sep 11$0.18$0.08$0.26$126.74$136.26
$130.00$128.00Sep 11$0.26$0.05$0.31$127.69$130.31
$130.00$127.00Sep 11$0.26$0.08$0.34$126.66$130.34
$146.00$128.00Sep 11$0.69$0.05$0.74$127.26$146.74
$146.00$127.00Sep 11$0.69$0.08$0.77$126.23$146.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 166 found (best R:R 6.14, avg credit $0.80)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
115/117146/147Sep 11$1.72$0.2873%6.14$115.28$147.72
115/117136/137Sep 11$1.21$0.7977%1.53$115.79$137.21
117/119139/140Oct 9$1.68$0.3243%5.25$117.32$140.68
118/119136/137Sep 11$0.74$0.2675%2.85$118.26$136.74
117/119143/145Oct 9$1.46$0.5451%2.70$117.54$144.46
115/117130/131Sep 11$1.25$0.7560%1.67$115.75$131.25
118/119130/131Sep 11$0.78$0.2259%3.55$118.22$130.78
120/121140/141Oct 2$0.84$0.1648%5.25$120.16$140.84
120/122139/140Oct 9$1.50$0.5037%3.00$120.50$140.50
117/119141/143Oct 9$1.24$0.7648%1.63$117.76$142.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 86 found (best R:R 40.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$130.00$135.00$140.00Oct 16$0.12$4.8819%40.67
$120.00$125.00$130.00Oct 16$0.43$4.5721%10.63
$135.00$140.00$145.00Oct 16$0.34$4.6617%13.71
$131.00$133.00$135.00Oct 9$0.10$1.909%19.00
$140.00$145.00$150.00Oct 16$0.43$4.5715%10.63
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$125.00$130.00$135.00Oct 16$0.20$4.8020%24.00
$140.00$145.00$150.00Oct 16$0.09$4.9115%54.56
$105.00$110.00$115.00Oct 16$0.12$4.8813%40.67
$105.00$110.00$115.00Oct 23$0.19$4.8111%25.32
$105.00$110.00$115.00Oct 9$0.15$4.859%32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 113 found (best net $-1.48, 99 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$121.001:2Oct 2-$1.48$9.52
$113.00$119.001:2Sep 11-$4.21$1.79
$142.00$149.001:2Oct 23-$0.93$6.07
$120.00$124.001:2Sep 18-$2.75$1.25
$127.00$128.001:2Sep 11-$0.50$0.50
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$131.00$130.001:2Sep 11-$0.08$0.92
$115.00$110.001:2Oct 2-$0.07$4.93
$115.00$110.001:2Oct 16-$0.56$4.44
$115.00$110.001:2Sep 18-$0.04$4.96
$120.00$117.001:2Sep 25-$0.35$2.65

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 88 found (best yield 6.25%, avg 1.53%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$129.00Oct 23$8.050.530.2%6.25%6.41%1--
$130.00Oct 23$7.450.520.9%5.78%6.72%634
$137.00Oct 23$4.500.396.4%3.49%9.87%21
$140.00Oct 23$3.700.358.7%2.87%11.58%1135
$135.00Oct 16$5.000.414.8%3.88%8.70%50746.5K
$142.00Oct 23$3.150.3110.3%2.45%12.70%14
$130.00Oct 16$6.600.500.9%5.12%6.06%119954
$135.00Oct 23$4.600.424.8%3.57%8.39%230
$140.00Oct 16$3.500.328.7%2.72%11.42%3241.4K
$138.00Oct 23$3.500.377.2%2.72%9.87%63

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 16,428
Total Puts 13,683
Put/Call Ratio 0.83
Net Difference 2,745

Prior's Put/Call Breakdown

Total Calls 19,210
Total Puts 22,638
Put/Call Ratio 1.18
Net Difference -3,428

Prior 7-Day Put/Call Summary

Total Calls 173,048
Total Puts 139,993
Average Put/Call Ratio 0.81
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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