Tour v528
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SHOPIFY INC A
$137.92 +7.33%
$138.00 (+0.06%)🌙
as of 09/21 07:01 PM
9/21 19:01

Option Volume

Detail
Current (09/21) 218,074
Calls: 197,766 (91%)
Puts: 20,308 (9%)
Prior (09/18) 39,004
Calls: 14,892 (38%)
Puts: 24,112 (62%)
Current vs Prior +459.11%
Calls: +1228.00% (Calls)
Puts: -15.78% (Puts)
Prior 7-Day Total 308,163
Calls: 164,860 (53%)
Puts: 143,303 (47%)
Prior 7-Day Average 44,023
Calls: 23,551 (53%)
Puts: 20,471 (47%)
Current vs Prior 7-Day Avg +395.36%
Calls: +739.72%
Puts: -0.80%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/21) $162.75M
Calls: $155.00M (95%)
Puts: $7.76M (5%)
Prior (09/18) $14.73M
Calls: $7.75M (53%)
Puts: $6.99M (47%)
Current vs Prior +1004.81%
Calls: +1901.16%
Puts: +11.05%
Prior 7-Day Total $139.25M
Calls: $67.50M (48%)
Puts: $71.75M (52%)
Prior 7-Day Average $19.89M
Calls: $9.64M (48%)
Puts: $10.25M (52%)
Current vs Prior 7-Day Avg +718.17%
Calls: +1507.34%
Puts: -24.31%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/21) 0.10
Prior (09/18) 1.62
Current vs Prior -93.66%
Prior 7-Day Average 0.93
Current vs Prior 7-Day Avg -88.90%
Sentiment BULLISH

Open Interest

Detail
Current (09/21) 354,197
Calls: 191,940 (54%)
Puts: 162,257 (46%)
Prior (09/18) 517,958
Calls: 364,296 (70%)
Puts: 153,662 (30%)
Current vs Prior -31.62%
Prior 7-Day Total 3,897,035
Calls: 2,775,624 (71%)
Puts: 1,121,411 (29%)
Prior 7-Day Average 556,719
Calls: 396,517 (71%)
Puts: 160,201 (29%)
Current vs Prior 7-Day Avg -36.38%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 5.50% | 7.95%11.11% | 21.63%
Prior 5.00% | 7.28%1.57% | 11.66%
Current vs Prior +10.00% | +9.10%+606.61% | +85.53%
Prior 7-Day Avg 4.72% | 7.45%5.97% | 13.74%
Current vs 7-Day Avg +16.33% | +6.67%+85.97% | +57.41%
Prior 7-Day Eod 5.00% | 7.28%1.57% | 11.66%
Current vs 7-Day Eod +10.00% | +9.10%+606.61% | +85.53%
Sentiment BEARISHBEARISH

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 17.84% | 29.52%
Calls: 17.04% | 44.53%
Puts: 18.64% | 14.52%
Current vs 7-Day Avg +4.40% | +5.17%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 95% of dollar volume in calls ($155.00M) vs puts ($7.76M). Massive premium surge with dollar volume up 1005% vs prior. Dollar volume significantly above 7-day average (718% higher). Unusually high activity with volume up 459% vs prior - elevated interest.

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 BEARISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 26 of results (avg 7.2%, best 1.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Oct 166.656.75$6.701.5%1.9K0.481.3K
$145.00Oct 164.754.95$4.854.1%15.5K0.391.6K
$150.00Oct 163.353.50$3.434.4%15.4K0.302.6K
$140.00Sep 252.592.72$2.664.9%8.6K0.421.9K
$137.00Sep 253.904.10$4.005.0%2.2K0.55174
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$137.00Sep 252.913.10$3.016.3%690.4541
$135.00Oct 165.556.00$5.787.8%4310.411.6K
$145.00Oct 1611.2512.20$11.738.1%80.61--
$165.00Sep 2526.2528.75$27.509.1%60.88--
$133.00Oct 22.783.05$2.929.2%190.33106

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.64, cheapest $0.38)

CALLS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$155.00Sep 250.250.30$0.2817.9%2360.06400
$150.00Sep 250.560.64$0.6013.3%2.0K0.13667
$160.00Oct 20.520.63$0.5719.3%630.0954
$155.00Oct 20.881.04$0.9616.7%2090.14226
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$127.00Sep 250.350.40$0.3813.2%3160.09106
$130.00Sep 250.680.80$0.7416.2%9100.162.3K
$131.00Sep 250.850.99$0.9215.2%3580.1951

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 125 found (avg delta 0.70, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$111.00Sep 2525.0027.80$26.4010.6%281.002
$112.00Sep 2524.0027.00$25.5011.8%11.00--
$113.00Sep 2523.0025.95$24.4812.1%141.003
$114.00Sep 2522.0025.40$23.7014.3%121.00--
$115.00Sep 2521.0024.10$22.5513.7%21.003
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Sep 2521.1024.20$22.6513.7%100.97--
$160.00Oct 221.5524.50$23.0312.8%100.91--
$152.50Sep 2513.8516.35$15.1016.6%20.91--
$165.00Sep 2526.2528.75$27.509.1%60.88--
$148.00Sep 259.8512.35$11.1022.5%10.84--

Most actively traded options today. High liquidity = easy entry/exit. 336 active (total vol 157.2K, top 48.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Oct 168.459.30$8.889.6%48.5K0.5946.3K
$145.00Oct 164.754.95$4.854.1%15.5K0.391.6K
$150.00Oct 163.353.50$3.434.4%15.4K0.302.6K
$155.00Oct 162.302.45$2.386.3%10.1K0.236.3K
$140.00Sep 252.592.72$2.664.9%8.6K0.421.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$135.00Sep 252.022.23$2.139.9%2.3K0.35288
$130.00Sep 250.680.80$0.7416.2%9100.162.3K
$125.00Sep 250.180.30$0.2450.0%7370.06470
$120.00Oct 161.231.64$1.4428.5%7090.146.3K
$125.00Oct 162.152.62$2.3819.7%5920.211.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 32 strikes (avg 18.5%, max 32.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$148.00Sep 25Oct 2365.5%49.6%32.1%130122
$146.00Sep 25Oct 2364.8%50.0%29.6%321197
$147.00Sep 25Oct 2365.1%50.6%28.6%9196
$143.00Sep 25Oct 2364.4%50.8%26.8%2.6K334
$138.00Sep 25Oct 3062.6%50.4%24.1%2.7K180
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$145.00Sep 25Oct 3064.7%52.8%22.4%8104
$137.00Sep 25Oct 1660.2%49.3%22.2%7141
$140.00Sep 25Oct 3063.1%51.7%22.1%8350
$139.00Sep 25Oct 1662.8%51.7%21.6%2363
$144.00Sep 25Oct 264.5%54.5%18.5%818

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 201 found (best R:R 4.75, avg 2.95)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$150.00$155.00Oct 30$0.87$4.13$0.8734%4.75$150.87
$130.00$131.00Sep 25$0.22$0.78$0.2284%3.55$130.22
$123.00$125.00Sep 25$1.30$0.70$1.3094%0.54$124.30
$145.00$150.00Oct 30$1.28$3.72$1.2841%2.91$146.28
$128.00$129.00Sep 25$0.35$0.65$0.3588%1.86$128.35
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$135.00$130.00Oct 30$1.47$3.53$1.4742%2.40$133.53
$141.00$140.00Oct 16$0.25$0.75$0.2554%3.00$140.75
$133.00$132.00Oct 16$0.10$0.90$0.1037%9.00$132.90
$127.00$125.00Oct 30$0.31$1.69$0.3130%5.45$126.69
$143.00$142.00Oct 9$0.40$0.60$0.4060%1.50$142.60

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 149 found (best R:R 0.69, avg 0.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$157.50$160.00Oct 23$0.97$0.97$1.5378%0.63$158.47
$140.00$141.00Oct 2$0.88$0.88$0.1254%7.33$140.88
$143.00$144.00Oct 2$0.74$0.74$0.2662%2.85$143.74
$138.00$140.00Oct 30$1.23$1.23$0.7748%1.60$139.23
$142.00$143.00Oct 23$0.60$0.60$0.4055%1.50$142.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$119.00$115.00Oct 30$1.63$1.63$2.3780%0.69$117.37
$121.00$120.00Oct 30$0.82$0.82$0.1878%4.56$120.18
$128.00$127.00Oct 23$0.79$0.79$0.2172%3.76$127.21
$130.00$127.00Oct 9$1.18$1.18$1.8271%0.65$128.82
$131.00$130.00Oct 23$0.75$0.75$0.2566%3.00$130.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 21 found (avg debit $1.65, cheapest $1.42)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$141.00Sep 25Oct 2$1.4263.1%53.5%
$142.00Sep 25Oct 2$1.4864.3%55.3%
$135.00Sep 25Oct 2$1.6559.7%52.6%
$137.00Sep 25Oct 2$1.7360.2%53.1%
$138.00Sep 25Oct 2$1.6862.6%55.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$141.00Sep 25Oct 2$1.6863.1%53.5%
$142.00Sep 25Oct 2$1.7564.3%55.3%
$135.00Sep 25Oct 2$1.5559.7%52.6%
$137.00Sep 25Oct 2$1.6460.2%53.1%
$138.00Sep 25Oct 2$1.6562.6%55.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 87 found (cheapest 5.08% of stock, avg 9.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$137.00Sep 25$4.00$3.01$7.01$129.99$144.015.08%
$138.00Sep 25$3.50$3.58$7.08$130.92$145.085.13%
$139.00Sep 25$3.06$4.03$7.09$131.91$146.095.14%
$136.00Sep 25$4.58$2.56$7.14$128.86$143.145.18%
$135.00Sep 25$5.15$2.13$7.28$127.72$142.285.28%
$140.00Sep 25$2.66$4.70$7.36$132.64$147.365.34%
$134.00Sep 25$5.75$1.73$7.48$126.52$141.485.42%
$141.00Sep 25$2.28$5.30$7.58$133.42$148.585.50%
$133.00Sep 25$6.48$1.43$7.91$125.09$140.915.74%
$142.00Sep 25$2.01$5.95$7.96$134.04$149.965.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.50% of stock, avg 7.39%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$143.00$134.00Sep 25$1.72$1.73$3.45$130.55$146.45
$142.00$134.00Sep 25$2.01$1.73$3.74$130.26$145.74
$143.00$135.00Sep 25$1.72$2.13$3.85$131.15$146.85
$142.00$135.00Sep 25$2.01$2.13$4.14$130.86$146.14
$141.00$134.00Sep 25$2.28$1.73$4.01$129.99$145.01
$141.00$135.00Sep 25$2.28$2.13$4.41$130.59$145.41
$143.00$136.00Sep 25$1.72$2.56$4.28$131.72$147.28
$142.00$136.00Sep 25$2.01$2.56$4.57$131.43$146.57
$140.00$134.00Sep 25$2.66$1.73$4.39$129.61$144.39
$141.00$136.00Sep 25$2.28$2.56$4.84$131.16$145.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 174 found (best R:R 1.42, avg credit $0.74)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
115/119155/160Oct 30$2.93$2.0751%1.42$116.07$157.93
115/116146/147Oct 9$0.74$0.2658%2.85$115.26$146.74
128/129148/149Oct 2$0.79$0.2152%3.76$128.21$148.79
115/116148/149Oct 9$0.62$0.3861%1.63$115.38$148.62
120/121146/147Oct 9$0.70$0.3053%2.33$120.30$146.70
115/116148/149Oct 2$0.52$0.4870%1.08$115.48$148.52
130/131148/149Oct 2$0.74$0.2647%2.85$130.26$148.74
120/121148/149Oct 2$0.55$0.4565%1.22$120.45$148.55
115/119160/165Oct 30$2.31$2.6958%0.86$116.69$162.31
125/126148/149Oct 2$0.59$0.4159%1.44$125.41$148.59

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 111 found (best R:R 22.81, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$155.00$160.00$165.00Oct 16$0.21$4.7910%22.81
$150.00$152.50$155.00Sep 25$0.06$2.446%40.67
$137.00$138.00$139.00Sep 25$0.06$0.949%15.67
$155.00$157.50$160.00Oct 9$0.13$2.378%18.23
$136.00$137.00$138.00Sep 25$0.08$0.929%11.50
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$140.00$141.00$142.00Sep 25$0.05$0.958%19.00
$142.00$143.00$144.00Sep 25$0.05$0.957%19.00
$131.00$132.00$133.00Sep 25$0.07$0.938%13.29
$123.00$124.00$125.00Oct 2$0.05$0.953%19.00
$128.00$129.00$130.00Oct 16$0.06$0.944%15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 90 found (best net $-6.85, 86 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$160.00$162.501:2Oct 2-$0.09$2.41
$150.00$152.501:2Sep 25-$0.22$2.28
$152.50$155.001:2Sep 25-$0.15$2.35
$155.00$157.501:2Oct 2-$0.32$2.18
$160.00$165.001:2Oct 16-$0.73$4.27
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$160.00$150.001:2Oct 16-$6.85$3.15
$138.00$131.001:2Oct 23-$2.48$4.52
$145.00$138.001:2Oct 23-$3.56$3.44
$120.00$119.001:2Sep 25-$0.05$0.95
$116.00$115.001:2Oct 9-$0.10$0.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 91 found (best yield 5.29%, avg 2.18%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$140.00Oct 30$7.300.491.5%5.29%6.80%6014
$150.00Oct 30$3.850.348.8%2.79%11.55%10731
$141.00Oct 30$6.350.482.2%4.60%6.84%1--
$142.00Oct 30$5.950.463.0%4.31%7.27%778
$144.00Oct 30$5.200.434.4%3.77%8.18%3--
$155.00Oct 30$2.850.2912.4%2.07%14.45%149
$145.00Oct 30$4.850.415.1%3.52%8.65%5688
$145.00Oct 23$4.850.405.1%3.52%8.65%14418
$140.00Oct 16$6.650.481.5%4.82%6.33%1.9K1.3K
$138.00Oct 30$7.500.520.1%5.44%5.50%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 197,766
Total Puts 20,308
Put/Call Ratio 0.10
Net Difference 177,458

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 164,860
Total Puts 143,303
Average Put/Call Ratio 0.93
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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