Tour v528
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SHOPIFY INC A
$128.50 -0.08%
$128.59 (+0.07%)🌙
as of 09/18 07:01 PM
9/18 19:01

Option Volume

Detail
Current (09/18) 39,004
Calls: 14,892 (38%)
Puts: 24,112 (62%)
Prior (09/15) 15,446
Calls: 8,318 (54%)
Puts: 7,128 (46%)
Current vs Prior +152.52%
Calls: +79.03% (Calls)
Puts: +238.27% (Puts)
Prior 7-Day Total 305,285
Calls: 169,853 (56%)
Puts: 135,432 (44%)
Prior 7-Day Average 43,612
Calls: 24,264 (56%)
Puts: 19,347 (44%)
Current vs Prior 7-Day Avg -10.57%
Calls: -38.63%
Puts: +24.63%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/18) $14.73M
Calls: $7.75M (53%)
Puts: $6.99M (47%)
Prior (09/15) $11.10M
Calls: $5.20M (47%)
Puts: $5.90M (53%)
Current vs Prior +32.77%
Calls: +49.04%
Puts: +18.43%
Prior 7-Day Total $141.46M
Calls: $70.60M (50%)
Puts: $70.86M (50%)
Prior 7-Day Average $20.21M
Calls: $10.09M (50%)
Puts: $10.12M (50%)
Current vs Prior 7-Day Avg -27.10%
Calls: -23.20%
Puts: -30.99%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/18) 1.62
Prior (09/15) 0.86
Current vs Prior +88.94%
Prior 7-Day Average 0.81
Current vs Prior 7-Day Avg +99.68%
Sentiment BEARISH

Open Interest

Detail
Current (09/18) 517,958
Calls: 364,296 (70%)
Puts: 153,662 (30%)
Prior (09/15) 506,267
Calls: 358,956 (71%)
Puts: 147,311 (29%)
Current vs Prior +2.31%
Prior 7-Day Total 3,844,621
Calls: 2,768,061 (72%)
Puts: 1,076,560 (28%)
Prior 7-Day Average 549,231
Calls: 395,437 (72%)
Puts: 153,794 (28%)
Current vs Prior 7-Day Avg -5.69%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 1.57% | 5.00%1.57% | 11.66%
Prior 4.67% | 7.07%4.67% | 13.38%
Current vs Prior +6.89% | +3.04%-66.37% | -12.90%
Prior 7-Day Avg 4.38% | 7.23%6.84% | 14.10%
Current vs 7-Day Avg +14.15% | +0.75%-77.01% | -17.31%
Prior 7-Day Eod 4.67% | 7.07%4.67% | 13.38%
Current vs 7-Day Eod +6.89% | +3.04%-66.37% | -12.90%
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 17.05% | 28.00%
Calls: 16.36% | 41.86%
Puts: 17.75% | 14.13%
Current vs 7-Day Avg +9.20% | +10.91%
Liquidity Expensive
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🤖 AI Insights

Unusually high activity with volume up 153% vs prior - elevated interest. Extreme bearish P/C ratio of 1.62 - heavy put buying. P/C ratio rising 89% - increased hedging/bearish positioning. Call-heavy open interest (364,296 calls vs 153,662 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 1 of results (avg 6.5%, best 6.5%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Oct 169.6510.30$9.986.5%170.631.6K

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. 91 found (avg delta 0.78, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$110.00Sep 2517.1020.40$18.7517.6%71.006
$112.00Sep 2514.6018.35$16.4822.8%61.002
$113.00Sep 2514.1517.35$15.7520.3%41.002
$110.00Sep 1816.4019.60$18.0017.8%71.00452
$115.00Sep 1812.1514.60$13.3818.3%5331.001.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$129.00Sep 180.002.61$1.31199.2%1251.00190
$130.00Sep 181.141.73$1.4441.0%7611.003.7K
$131.00Sep 181.784.55$3.1787.4%511.0059
$133.00Sep 183.405.95$4.6854.5%641.0088
$134.00Sep 184.457.55$6.0051.7%631.00253

Most actively traded options today. High liquidity = easy entry/exit. 284 active (total vol 33.2K, top 10.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 252.142.50$2.3215.5%1.8K0.43209
$132.00Oct 22.413.55$2.9838.3%1.7K0.3935
$130.00Oct 165.156.25$5.7019.3%1.1K0.491.2K
$129.00Sep 180.010.13$0.07171.4%6150.23218
$115.00Sep 1812.1514.60$13.3818.3%5331.001.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$105.00Oct 230.350.70$0.5267.3%10.3K0.0691
$126.00Oct 22.493.75$3.1240.4%1.6K0.3929
$128.00Sep 180.010.16$0.09166.7%1.4K0.201.2K
$130.00Sep 181.141.73$1.4441.0%7611.003.7K
$125.00Sep 180.000.09$0.05180.0%6620.054.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 489.6%, max 2337.2%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$127.00Sep 18Oct 30163.8%49.6%230.4%7430
$128.00Sep 18Oct 3077.1%47.2%63.5%291245
$129.00Sep 18Oct 3052.9%47.1%12.4%619218
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$118.00Sep 18Oct 301217.3%49.9%2337.2%40222
$127.00Sep 18Oct 30163.8%49.6%230.4%245289
$128.00Sep 18Oct 3077.1%47.2%63.5%1.4K1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 140 found (best R:R 6.69, avg 3.24)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$130.00$135.00Oct 9$1.53$3.47$1.5347%2.27$131.53
$137.00$139.00Oct 23$0.32$1.68$0.3234%5.25$137.32
$138.00$139.00Oct 30$0.10$0.90$0.1036%9.00$138.10
$120.00$125.00Oct 16$3.23$1.77$3.2374%0.55$123.23
$130.00$135.00Oct 16$1.85$3.15$1.8549%1.70$131.85
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$130.00$129.00Sep 18$0.13$0.87$0.13100%6.69$129.87
$135.00$134.00Sep 18$0.63$0.37$0.63100%0.59$134.37
$128.00$127.00Oct 30$0.10$0.90$0.1046%9.00$127.90
$140.00$135.00Oct 23$3.05$1.95$3.0570%0.64$136.95
$130.00$128.00Oct 9$0.75$1.25$0.7553%1.67$129.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 107 found (best R:R 1.63, avg 0.46)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$139.00$140.00Sep 18$0.62$0.62$0.3886%1.63$139.62
$149.00$150.00Sep 25$0.32$0.32$0.6893%0.47$149.32
$143.00$145.00Sep 18$0.27$0.27$1.7393%0.16$143.27
$135.00$137.00Oct 23$0.94$0.94$1.0661%0.89$135.94
$144.00$145.00Oct 23$0.39$0.39$0.6177%0.64$144.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$125.00$123.00Oct 23$1.27$1.27$0.7360%1.74$123.73
$115.00$110.00Oct 23$1.14$1.14$3.8680%0.30$113.86
$118.00$117.00Sep 18$0.61$0.61$0.3984%1.56$117.39
$115.00$110.00Oct 30$1.32$1.32$3.6877%0.36$113.68
$117.00$115.00Sep 18$0.44$0.44$1.5690%0.28$116.56

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 59 found (cheapest 0.62% of stock, avg 7.48%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$128.00Sep 18$0.71$0.09$0.80$127.20$128.800.62%
$129.00Sep 18$0.07$1.31$1.38$127.62$130.381.07%
$130.00Sep 18$0.01$1.44$1.45$128.55$131.451.13%
$127.00Sep 18$1.65$0.13$1.78$125.22$128.781.39%
$126.00Sep 18$2.39$0.19$2.58$123.42$128.582.01%
$131.00Sep 18$0.05$3.17$3.22$127.78$134.222.51%
$125.00Sep 18$3.47$0.05$3.52$121.48$128.522.74%
$132.00Sep 18$0.05$3.99$4.04$127.96$136.043.14%
$133.00Sep 18$0.03$4.68$4.71$128.29$137.713.67%
$129.00Sep 25$2.72$3.22$5.94$123.06$134.944.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.12% of stock, avg 4.92%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$129.00$128.00Sep 18$0.07$0.09$0.16$127.84$129.16
$131.00$128.00Sep 18$0.05$0.09$0.14$127.86$131.14
$131.00$127.00Sep 18$0.05$0.13$0.18$126.82$131.18
$129.00$127.00Sep 18$0.07$0.13$0.20$126.80$129.20
$131.00$126.00Sep 18$0.05$0.19$0.24$125.76$131.24
$129.00$126.00Sep 18$0.07$0.19$0.26$125.74$129.26
$143.00$128.00Sep 18$0.28$0.09$0.37$127.63$143.37
$143.00$127.00Sep 18$0.28$0.13$0.41$126.59$143.41
$143.00$126.00Sep 18$0.28$0.19$0.47$125.53$143.47
$139.00$127.00Sep 18$0.63$0.13$0.76$126.24$139.76

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 173 found (best R:R 1.13, avg credit $0.78)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
115/117139/140Sep 18$1.06$0.9476%1.13$115.94$140.06
125/126139/140Sep 18$0.76$0.2472%3.17$125.24$139.76
117/118143/145Sep 18$0.88$1.1277%0.79$117.12$143.88
115/117143/145Sep 18$0.71$1.2983%0.55$116.29$143.71
118/119140/142Oct 23$1.43$0.5743%2.51$117.57$141.43
115/116144/145Oct 23$0.70$0.3055%2.33$115.30$144.70
118/119142/144Oct 23$1.30$0.7047%1.86$117.70$143.30
120/121138/139Oct 2$0.65$0.3555%1.86$120.35$138.65
120/121135/136Oct 2$0.71$0.2946%2.45$120.29$135.71
119/120138/139Oct 2$0.58$0.4258%1.38$119.42$138.58

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 72 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$120.00$125.00$130.00Oct 16$0.58$4.4224%7.62
$127.00$128.00$129.00Sep 18$0.30$0.7062%2.33
$140.00$145.00$150.00Oct 16$0.28$4.7214%16.86
$135.00$140.00$145.00Oct 16$0.40$4.6018%11.50
$130.00$135.00$140.00Oct 16$0.54$4.4622%8.26
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$130.00$135.00$140.00Oct 16$0.25$4.7522%19.00
$120.00$125.00$130.00Oct 16$0.45$4.5524%10.11
$115.00$120.00$125.00Oct 16$0.49$4.5122%9.20
$133.00$134.00$135.00Sep 25$0.07$0.938%13.29
$119.00$120.00$121.00Oct 2$0.07$0.936%13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 121 found (best net $-3.64, 107 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$110.00$120.001:2Oct 16-$3.64$6.36
$120.00$127.001:2Oct 2-$0.51$6.49
$110.00$120.001:2Oct 30-$6.22$3.78
$115.00$120.001:2Sep 18-$4.08$0.92
$130.00$135.001:2Oct 9-$1.57$3.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$145.00$137.001:2Oct 2-$2.43$5.57
$137.00$130.001:2Oct 2-$0.28$6.72
$143.00$135.001:2Oct 9-$2.61$5.39
$150.00$140.001:2Oct 23-$5.81$4.19
$120.00$115.001:2Oct 16-$0.24$4.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 69 found (best yield 5.45%, avg 1.42%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$130.00Oct 30$7.000.511.2%5.45%6.61%930
$129.00Oct 30$7.000.520.4%5.45%5.84%4--
$136.00Oct 30$4.250.405.8%3.31%9.14%31
$139.00Oct 30$3.450.358.2%2.68%10.86%2--
$140.00Oct 30$3.050.348.9%2.37%11.32%2--
$138.00Oct 30$3.500.367.4%2.72%10.12%3--
$130.00Oct 23$6.050.491.2%4.71%5.88%535
$135.00Oct 23$4.100.395.1%3.19%8.25%338
$145.00Oct 30$2.400.2512.8%1.87%14.71%590
$137.00Oct 23$3.300.346.6%2.57%9.18%1--

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 14,892
Total Puts 24,112
Put/Call Ratio 1.62
Net Difference -9,220

Prior's Put/Call Breakdown

Total Calls 8,318
Total Puts 7,128
Put/Call Ratio 0.86
Net Difference 1,190

Prior 7-Day Put/Call Summary

Total Calls 169,853
Total Puts 135,432
Average Put/Call Ratio 0.81
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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