SHOP - Options Database

SHOP

SHOPIFY INC A

$135.32 -6.73%

(9/4 18:59) ◀

Tuesday, September 8, 2026 (1:00pm)

▶

◀ 9/8 13:00

Option Volume

Detail

ℹ

Current (09/08 1:00pm) 54,897

Calls: 21,098 (38%)

Puts: 33,799 (62%)

Prior (08/05) 140,821

Calls: 77,553 (55%)

Puts: 63,268 (45%)

Current vs Prior -61.02%

Calls: -72.80% (Calls)

Puts: -46.58% (Puts)

Prior 7-Day Total 1,033,711

Calls: 621,240 (60%)

Puts: 412,471 (40%)

Prior 7-Day Average 147,673

Calls: 88,748 (60%)

Puts: 58,924 (40%)

Current vs Prior 7-Day Avg -62.83%

Calls: -76.23%

Puts: -42.64%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/08 1:00pm) $22.20M

Calls: $11.23M (51%)

Puts: $10.98M (49%)

Prior (08/05) $96.30M

Calls: $67.40M (70%)

Puts: $28.90M (30%)

Current vs Prior -76.94%

Calls: -83.35%

Puts: -62.02%

Prior 7-Day Total $562.92M

Calls: $377.61M (67%)

Puts: $185.31M (33%)

Prior 7-Day Average $80.42M

Calls: $53.94M (67%)

Puts: $26.47M (33%)

Current vs Prior 7-Day Avg -72.39%

Calls: -79.19%

Puts: -58.53%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/08 1:00pm) 1.60

Prior (08/05) 0.82

Current vs Prior +96.37%

Prior 7-Day Average 0.69

Current vs Prior 7-Day Avg +132.67%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/08 1:00pm) 793,928

Calls: 529,079 (67%)

Puts: 264,849 (33%)

Prior (08/05) 824,777

Calls: 548,816 (67%)

Puts: 275,961 (33%)

Current vs Prior -3.74%

Prior 7-Day Total 5,512,454

Calls: 3,628,165 (66%)

Puts: 1,884,289 (34%)

Prior 7-Day Average 787,493

Calls: 518,309 (66%)

Puts: 269,184 (34%)

Current vs Prior 7-Day Avg +0.82%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)

Current 4.94% | 7.52%7.52% | 14.26%

Prior 12.90% | 14.53%15.33% | 21.46%

Current vs Prior -61.74% | -48.24%-50.94% | -33.54%

Prior 7-Day Avg 6.33% | 9.39%12.73% | 18.48%

Current vs 7-Day Avg -21.95% | -19.88%-40.90% | -22.82%

Prior 7-Day Eod 12.90% | 14.53%7.89% | 14.54%

Current vs 7-Day Eod -61.74% | -48.24%-4.67% | -1.93%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.86% | 16.20%

Calls: 15.69% | 17.48%

Puts: 16.03% | 14.91%

Prior 6.98% | 10.98%

Calls: 3.90% | 7.53%

Puts: 10.06% | 14.44%

Current vs Prior +127.22% | +47.54%

Prior 7-Day Avg 14.29% | 13.06%

Calls: 12.05% | 15.27%

Puts: 16.53% | 10.85%

Current vs 7-Day Avg +10.99% | +24.07%

Liquidity Expensive

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🤖 AI Insights

Light premium activity with dollar volume down 77% vs prior. Below-average activity with volume down 61% vs prior. Extreme bearish P/C ratio of 1.60 - heavy put buying. P/C ratio rising 96% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

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

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:05	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BEARISH	BEARISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:35	BULLISH	BULLISH	BULLISH
10:30	BULLISH	BULLISH	BULLISH
10:25	BULLISH	BULLISH	BULLISH
10:20	BULLISH	BULLISH	BULLISH
10:15	BULLISH	BULLISH	BULLISH
10:10	BULLISH	BULLISH	BULLISH
10:05	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 24 of results (avg 7.8%, best 4.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$145.00	Oct 16	4.70	4.95	$4.83	5.2%	87	0.36	682
$135.00	Oct 16	8.50	9.00	$8.75	5.7%	396	0.54	45.9K
$132.00	Oct 2	8.45	9.05	$8.75	6.9%	8	0.61	1
$140.00	Oct 16	6.30	6.75	$6.53	6.9%	312	0.45	1.3K
$150.00	Oct 16	3.35	3.60	$3.48	7.2%	927	0.28	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$145.00	Oct 16	13.40	14.05	$13.73	4.7%	129	0.64	1.2K
$140.00	Oct 16	10.30	10.80	$10.55	4.7%	123	0.55	895
$135.00	Oct 16	7.55	8.05	$7.80	6.4%	123	0.46	1.5K
$145.00	Oct 23	13.70	14.70	$14.20	7.0%	69	0.62	10
$133.00	Sep 11	1.90	2.04	$1.97	7.1%	415	0.37	42

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.95, cheapest $0.97)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$149.00	Sep 18	0.88	1.06	$0.97	18.6%	15	0.16	140
$150.00	Sep 18	0.85	1.00	$0.93	16.1%	317	0.15	11.4K

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 149 found (avg delta 0.72, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$110.00	Sep 11	24.15	27.15	$25.65	11.7%	20	0.99	91
$111.00	Sep 11	23.25	26.50	$24.88	13.1%	4	0.99	--
$112.00	Sep 11	22.15	25.50	$23.83	14.1%	7	0.99	1
$113.00	Sep 11	21.40	24.50	$22.95	13.5%	6	0.99	--
$114.00	Sep 11	20.40	23.55	$21.98	14.3%	4	0.99	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$155.00	Sep 11	18.45	21.15	$19.80	13.6%	59	1.00	84
$157.50	Sep 11	20.85	23.90	$22.38	13.6%	52	1.00	54
$160.00	Sep 11	23.35	25.80	$24.58	10.0%	40	1.00	51
$152.50	Sep 11	15.90	18.95	$17.43	17.5%	15	0.94	69
$160.00	Sep 18	23.45	26.55	$25.00	12.4%	14	0.93	880

Most actively traded options today. High liquidity = easy entry/exit. 317 active (total vol 45.9K, top 10.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$139.00	Sep 11	1.55	1.78	$1.67	13.8%	2.3K	0.33	174
$149.00	Sep 11	0.17	0.35	$0.26	69.2%	2.1K	0.07	2.9K
$140.00	Sep 25	3.80	4.30	$4.05	12.3%	1.1K	0.41	24
$150.00	Oct 16	3.35	3.60	$3.48	7.2%	927	0.28	1.3K
$140.00	Sep 11	1.29	1.51	$1.40	15.7%	822	0.29	82

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$110.00	Oct 23	1.10	1.40	$1.25	24.0%	10.6K	0.10	--
$134.00	Sep 11	2.20	2.56	$2.38	15.1%	2.3K	0.42	4.0K
$123.00	Sep 11	0.13	0.39	$0.26	100.0%	2.3K	0.07	46
$130.00	Sep 11	0.94	1.09	$1.02	14.7%	2.0K	0.23	142
$110.00	Oct 16	0.82	1.03	$0.93	22.6%	1.7K	0.09	17.8K

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 25.4%, max 30.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$136.00	Sep 11	Oct 23	63.8%	49.3%	29.5%	127	25
$132.00	Sep 11	Oct 23	59.7%	46.4%	28.5%	8	18
$142.00	Sep 11	Oct 23	64.3%	50.1%	28.5%	246	84
$144.00	Sep 11	Oct 9	65.4%	51.0%	28.3%	43	446
$143.00	Sep 11	Oct 23	64.4%	50.5%	27.5%	80	54

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$142.00	Sep 11	Oct 2	64.3%	49.2%	30.7%	55	192
$136.00	Sep 11	Oct 23	63.8%	49.3%	29.5%	93	171
$128.00	Sep 11	Oct 9	61.4%	47.6%	28.8%	600	17
$143.00	Sep 11	Oct 2	64.4%	50.5%	27.3%	15	138
$135.00	Sep 11	Oct 23	60.5%	48.0%	26.0%	337	178

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 217 found (best R:R 0.71, avg 3.04)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$125.00	$130.00	Oct 16	$2.93	$2.07	$2.93	73%	0.71	$127.93
$130.00	$134.00	Sep 18	$2.20	$1.80	$2.20	70%	0.82	$132.20
$134.00	$135.00	Sep 18	$0.18	$0.82	$0.18	57%	4.56	$134.18
$136.00	$138.00	Oct 23	$0.65	$1.35	$0.65	52%	2.08	$136.65
$134.00	$135.00	Sep 25	$0.20	$0.80	$0.20	56%	4.00	$134.20

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$145.00	$144.00	Sep 11	$0.50	$0.50	$0.50	86%	1.00	$144.50
$150.00	$149.00	Sep 18	$0.53	$0.47	$0.53	85%	0.89	$149.47
$149.00	$148.00	Sep 11	$0.60	$0.40	$0.60	92%	0.67	$148.40
$145.00	$140.00	Oct 23	$2.60	$2.40	$2.60	62%	0.92	$142.40
$145.00	$144.00	Sep 18	$0.48	$0.52	$0.48	77%	1.08	$144.52

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 148 found (best R:R 1.70, avg 0.48)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$145.00	$147.00	Oct 23	$0.93	$0.93	$1.07	62%	0.87	$145.93
$137.00	$138.00	Sep 25	$0.62	$0.62	$0.38	52%	1.63	$137.62
$139.00	$140.00	Sep 25	$0.55	$0.55	$0.45	57%	1.22	$139.55
$146.00	$147.00	Sep 25	$0.38	$0.38	$0.62	73%	0.61	$146.38
$149.00	$150.00	Oct 23	$0.40	$0.40	$0.60	68%	0.67	$149.40

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$129.00	$128.00	Oct 9	$0.63	$0.63	$0.37	66%	1.70	$128.37
$125.00	$120.00	Oct 9	$1.26	$1.26	$3.74	74%	0.34	$123.74
$125.00	$120.00	Oct 16	$1.33	$1.33	$3.67	73%	0.36	$123.67
$133.00	$131.00	Oct 9	$1.05	$1.05	$0.95	58%	1.11	$131.95
$125.00	$120.00	Oct 23	$1.42	$1.42	$3.58	71%	0.40	$123.58

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $1.89, cheapest $1.58)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$136.00	Sep 11	Sep 18	$1.58	63.8%	52.4%
$133.00	Sep 11	Sep 25	$2.87	60.5%	49.9%
$132.00	Sep 11	Sep 25	$2.63	59.7%	49.6%
$139.00	Sep 11	Sep 18	$1.59	62.3%	52.8%
$138.00	Sep 11	Sep 18	$1.70	62.9%	53.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$136.00	Sep 11	Sep 18	$1.60	63.8%	52.4%
$133.00	Sep 11	Sep 25	$2.66	60.5%	49.9%
$132.00	Sep 11	Sep 25	$2.58	59.7%	49.6%
$139.00	Sep 11	Sep 18	$1.48	62.3%	52.8%
$138.00	Sep 11	Sep 18	$1.50	62.9%	53.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 98 found (cheapest 4.46% of stock, avg 9.48%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$134.00	Sep 11	$3.65	$2.38	$6.03	$127.97	$140.03	4.46%
$135.00	Sep 11	$3.25	$2.85	$6.10	$128.90	$141.10	4.51%
$133.00	Sep 11	$4.28	$1.97	$6.25	$126.75	$139.25	4.62%
$136.00	Sep 11	$2.89	$3.43	$6.32	$129.68	$142.32	4.67%
$137.00	Sep 11	$2.38	$4.00	$6.38	$130.62	$143.38	4.71%
$138.00	Sep 11	$2.03	$4.50	$6.53	$131.47	$144.53	4.83%
$132.00	Sep 11	$5.07	$1.57	$6.64	$125.36	$138.64	4.91%
$139.00	Sep 11	$1.67	$5.15	$6.82	$132.18	$145.82	5.04%
$131.00	Sep 11	$5.65	$1.27	$6.92	$124.08	$137.92	5.11%
$140.00	Sep 11	$1.40	$5.98	$7.38	$132.62	$147.38	5.45%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 1.97% of stock, avg 7.13%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$140.00	$131.00	Sep 11	$1.40	$1.27	$2.67	$128.33	$142.67
$140.00	$132.00	Sep 11	$1.40	$1.57	$2.97	$129.03	$142.97
$139.00	$131.00	Sep 11	$1.67	$1.27	$2.94	$128.06	$141.94
$139.00	$132.00	Sep 11	$1.67	$1.57	$3.24	$128.76	$142.24
$160.00	$115.00	Oct 16	$1.78	$1.57	$3.35	$111.65	$163.35
$140.00	$133.00	Sep 11	$1.40	$1.97	$3.37	$129.63	$143.37
$138.00	$131.00	Sep 11	$2.03	$1.27	$3.30	$127.70	$141.30
$139.00	$133.00	Sep 11	$1.67	$1.97	$3.64	$129.36	$142.64
$138.00	$132.00	Sep 11	$2.03	$1.57	$3.60	$128.40	$141.60
$138.00	$133.00	Sep 11	$2.03	$1.97	$4.00	$129.00	$142.00

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 152 found (best R:R 7.33, avg credit $0.74)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
125/126	149/150	Oct 23	$0.88	$0.12	37%	7.33	$125.12	$149.88
128/129	148/149	Oct 9	$0.85	$0.15	36%	5.67	$128.15	$148.85
126/127	149/150	Oct 23	$0.85	$0.15	35%	5.67	$126.15	$149.85
125/126	147/148	Oct 9	$0.80	$0.20	40%	4.00	$125.20	$147.80
125/126	146/147	Oct 9	$0.78	$0.22	38%	3.55	$125.22	$146.78
129/130	147/148	Oct 2	$0.75	$0.25	37%	3.00	$129.25	$147.75
129/130	145/146	Oct 2	$0.79	$0.21	33%	3.76	$129.21	$145.79
125/126	148/149	Oct 9	$0.70	$0.30	42%	2.33	$125.30	$148.70
126/127	144/145	Sep 25	$0.67	$0.33	43%	2.03	$126.33	$144.67
129/130	144/145	Sep 25	$0.74	$0.26	35%	2.85	$129.26	$144.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 120 found (best R:R 14.62, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$120.00	$125.00	$130.00	Sep 18	$0.32	$4.68	22%	14.62
$115.00	$120.00	$125.00	Sep 18	$0.13	$4.87	12%	37.46
$140.00	$145.00	$150.00	Oct 16	$0.35	$4.65	16%	13.29
$145.00	$150.00	$155.00	Oct 16	$0.34	$4.66	14%	13.71
$152.50	$155.00	$157.50	Oct 9	$0.06	$2.44	6%	40.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$115.00	$120.00	$125.00	Oct 2	$0.24	$4.76	14%	19.83
$135.00	$140.00	$145.00	Oct 16	$0.43	$4.57	18%	10.63
$110.00	$115.00	$120.00	Oct 16	$0.24	$4.76	11%	19.83
$110.00	$115.00	$120.00	Oct 9	$0.24	$4.76	11%	19.83
$120.00	$125.00	$130.00	Oct 16	$0.42	$4.58	17%	10.90

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 81 found (best net $-3.33, 79 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$125.00	$130.00	1:2	Sep 18	-$3.33	$1.67
$150.00	$152.50	1:2	Sep 11	-$0.03	$2.47
$152.50	$155.00	1:2	Sep 11	-$0.04	$2.46
$157.50	$160.00	1:2	Sep 11	-$0.08	$2.42
$155.00	$157.50	1:2	Sep 11	-$0.12	$2.38

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$134.00	$130.00	1:2	Sep 18	-$0.70	$3.30
$125.00	$120.00	1:2	Sep 25	-$0.09	$4.91
$120.00	$115.00	1:2	Oct 2	-$0.20	$4.80
$125.00	$120.00	1:2	Oct 9	-$0.73	$4.27
$120.00	$115.00	1:2	Sep 25	-$0.16	$4.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 101 found (best yield 5.84%, avg 2.11%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$138.00	Oct 23	$7.90	0.49	2.0%	5.84%	7.82%	3	--
$140.00	Oct 23	$7.00	0.46	3.5%	5.17%	8.63%	8	2
$141.00	Oct 23	$6.60	0.44	4.2%	4.88%	9.07%	5	--
$145.00	Oct 23	$5.35	0.38	7.2%	3.95%	11.11%	1	2
$143.00	Oct 23	$5.85	0.41	5.7%	4.32%	10.00%	14	4
$142.00	Oct 23	$6.00	0.42	4.9%	4.43%	9.37%	4	--
$149.00	Oct 23	$4.20	0.33	10.1%	3.10%	13.21%	1	--
$136.00	Oct 23	$8.10	0.52	0.5%	5.99%	6.49%	4	--
$147.00	Oct 23	$4.35	0.35	8.6%	3.21%	11.85%	2	--
$140.00	Oct 16	$6.30	0.45	3.5%	4.66%	8.11%	312	1.3K

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 21,098

Total Puts 33,799

Put/Call Ratio 1.60

Net Difference -12,701

Prior's Put/Call Breakdown

Total Calls 77,553

Total Puts 63,268

Put/Call Ratio 0.82

Net Difference 14,285

Prior 7-Day Put/Call Summary

Total Calls 621,240

Total Puts 412,471

Average Put/Call Ratio 0.69

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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