SHOP - Options Database

SHOP

SHOPIFY INC A

$147.79 +7.16%

(9/21 19:01) ◀

Tuesday, September 22, 2026 (9:35am)

▶ (9/22 09:40)

◀ 9/22 09:35 ▶

Option Volume

Detail

ℹ

Current (09/22 9:35am) 16,356

Calls: 13,488 (82%)

Puts: 2,868 (18%)

Prior (08/05) 22,065

Calls: 12,229 (55%)

Puts: 9,836 (45%)

Current vs Prior -25.87%

Calls: +10.30% (Calls)

Puts: -70.84% (Puts)

Prior 7-Day Total 771,108

Calls: 454,216 (59%)

Puts: 316,892 (41%)

Prior 7-Day Average 110,158

Calls: 64,888 (59%)

Puts: 45,270 (41%)

Current vs Prior 7-Day Avg -85.15%

Calls: -79.21%

Puts: -93.66%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 9:35am) $11.26M

Calls: $10.15M (90%)

Puts: $1.10M (10%)

Prior (08/05) $18.93M

Calls: $12.20M (64%)

Puts: $6.74M (36%)

Current vs Prior -40.55%

Calls: -16.74%

Puts: -83.66%

Prior 7-Day Total $327.21M

Calls: $188.80M (58%)

Puts: $138.41M (42%)

Prior 7-Day Average $46.74M

Calls: $26.97M (58%)

Puts: $19.77M (42%)

Current vs Prior 7-Day Avg -75.92%

Calls: -62.35%

Puts: -94.43%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 9:35am) 0.21

Prior (08/05) 0.80

Current vs Prior -73.56%

Prior 7-Day Average 0.88

Current vs Prior 7-Day Avg -75.82%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 9:35am) 576,747

Calls: 303,669 (53%)

Puts: 273,078 (47%)

Prior (08/05) 824,777

Calls: 548,816 (67%)

Puts: 275,961 (33%)

Current vs Prior -30.07%

Prior 7-Day Total 5,419,907

Calls: 3,568,954 (66%)

Puts: 1,850,953 (34%)

Prior 7-Day Average 774,272

Calls: 509,850 (66%)

Puts: 264,421 (34%)

Current vs Prior 7-Day Avg -25.51%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 6.02% | 8.66%13.48% | 22.33%

Prior 4.84% | 7.75%9.84% | 16.74%

Current vs Prior +24.44% | +11.74%+36.91% | +33.36%

Prior 7-Day Avg 6.24% | 9.12%10.34% | 16.94%

Current vs 7-Day Avg -3.45% | -4.99%+30.31% | +31.80%

Prior 7-Day Eod 4.84% | 7.75%11.11% | 21.63%

Current vs 7-Day Eod +24.44% | +11.74%+21.34% | +3.24%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.75% | 33.63%

Calls: 12.30% | 32.06%

Puts: 19.19% | 35.20%

Prior 13.13% | 20.36%

Calls: 12.93% | 28.55%

Puts: 13.33% | 12.17%

Current vs Prior +19.95% | +65.18%

Prior 7-Day Avg 14.00% | 14.88%

Calls: 12.27% | 18.59%

Puts: 15.73% | 11.18%

Current vs 7-Day Avg +12.50% | +125.97%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($10.15M) vs puts ($1.10M). Extreme bullish P/C ratio of 0.21 - heavy call buying (13,488 calls vs 2,868 puts). P/C ratio dropping 74% - sentiment shifting bullish. Declining open interest (down 30%) indicates positions being closed.

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 BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

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	NEUTRAL	BULLISH
15:00	BULLISH	BEARISH	BEARISH
14:00	BULLISH	BEARISH	BEARISH
13:00	BULLISH	BEARISH	BEARISH
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

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 25 of results (avg 7.5%, best 3.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$152.50	Sep 25	2.40	2.48	$2.44	3.3%	1.1K	0.34	176
$140.00	Oct 16	12.50	13.15	$12.83	5.1%	92	0.67	2.2K
$150.00	Oct 16	7.50	7.90	$7.70	5.2%	506	0.48	8.7K
$149.00	Sep 25	3.50	3.70	$3.60	5.6%	213	0.46	114
$145.00	Oct 16	9.80	10.40	$10.10	5.9%	339	0.57	13.4K

PUTS (0)

No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.69, cheapest $0.44)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$167.50	Sep 25	0.40	0.48	$0.44	18.2%	4	0.08	72
$160.00	Sep 25	0.88	1.00	$0.94	12.8%	630	0.16	645

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 146 found (avg delta 0.75, highest 0.99)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$123.00	Sep 25	23.25	26.20	$24.73	11.9%	2	0.99	3
$126.00	Sep 25	20.30	23.35	$21.83	14.0%	2	0.99	34
$120.00	Sep 25	26.30	29.25	$27.78	10.6%	--	0.98	205
$125.00	Sep 25	21.30	24.25	$22.78	12.9%	--	0.97	213
$127.00	Sep 25	19.30	22.35	$20.83	14.6%	2	0.97	367

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	12.85	14.60	$13.73	12.7%	--	0.84	10
$172.50	Oct 23	25.55	28.35	$26.95	10.4%	--	0.80	21
$170.00	Oct 16	23.10	25.75	$24.43	10.8%	--	0.80	62
$170.00	Oct 30	24.35	27.50	$25.93	12.1%	--	0.77	51
$160.00	Oct 2	13.25	15.90	$14.58	18.2%	--	0.75	10

Most actively traded options today. High liquidity = easy entry/exit. 223 active (total vol 13.7K, top 1.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$152.50	Sep 25	2.40	2.48	$2.44	3.3%	1.1K	0.34	176
$130.00	Sep 25	16.65	18.40	$17.52	10.0%	1.1K	0.96	1.8K
$150.00	Sep 25	3.20	3.40	$3.30	6.1%	905	0.43	1.5K
$160.00	Sep 25	0.88	1.00	$0.94	12.8%	630	0.16	645
$155.00	Sep 25	1.70	1.90	$1.80	11.1%	541	0.27	572

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$135.00	Oct 16	2.97	3.80	$3.39	24.5%	407	0.25	1.7K
$120.00	Oct 16	0.75	0.93	$0.84	21.4%	358	0.08	6.1K
$144.00	Sep 25	2.24	2.69	$2.47	18.2%	144	0.35	13
$120.00	Oct 9	0.41	0.82	$0.62	66.1%	115	0.06	254
$144.00	Oct 2	3.85	5.20	$4.53	29.8%	100	0.39	7

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 33 strikes (avg 33.8%, max 46.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	82.3%	56.1%	46.5%	635	856
$148.00	Sep 25	Oct 23	77.0%	53.1%	45.0%	230	161
$157.50	Sep 25	Oct 23	80.8%	56.4%	43.1%	101	114
$146.00	Sep 25	Oct 23	76.7%	53.7%	42.8%	159	366
$147.00	Sep 25	Oct 23	76.2%	53.5%	42.4%	259	124

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$148.00	Sep 25	Oct 23	76.8%	53.1%	44.8%	11	21
$160.00	Sep 25	Oct 16	82.3%	58.2%	41.2%	--	437
$145.00	Sep 25	Oct 30	75.9%	54.2%	40.1%	19	104
$141.00	Sep 25	Oct 16	75.3%	55.1%	36.6%	43	281
$140.00	Sep 25	Oct 23	75.1%	55.2%	36.0%	39	395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 190 found (best R:R 1.50, avg 2.99)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$130.00	$132.00	Oct 30	$0.80	$1.20	$0.80	77%	1.50	$130.80
$150.00	$155.00	Oct 30	$1.67	$3.33	$1.67	50%	1.99	$151.67
$141.00	$143.00	Oct 23	$0.72	$1.28	$0.72	65%	1.78	$141.72
$140.00	$141.00	Oct 9	$0.15	$0.85	$0.15	69%	5.67	$140.15
$132.00	$135.00	Oct 23	$1.78	$1.22	$1.78	78%	0.69	$133.78

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$147.00	$146.00	Oct 2	$0.25	$0.75	$0.25	46%	3.00	$146.75
$135.00	$130.00	Oct 30	$1.07	$3.93	$1.07	28%	3.67	$133.93
$137.00	$136.00	Oct 9	$0.16	$0.84	$0.16	25%	5.25	$136.84
$150.00	$149.00	Sep 25	$0.48	$0.52	$0.48	57%	1.08	$149.52
$136.00	$135.00	Oct 9	$0.17	$0.83	$0.17	24%	4.88	$135.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 135 found (best R:R 1.70, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$150.00	$152.50	Oct 23	$1.62	$1.62	$0.88	50%	1.84	$151.62
$148.00	$149.00	Oct 23	$0.80	$0.80	$0.20	47%	4.00	$148.80
$155.00	$160.00	Oct 30	$2.20	$2.20	$2.80	57%	0.79	$157.20
$167.50	$170.00	Oct 9	$0.61	$0.61	$1.89	81%	0.32	$168.11
$165.00	$170.00	Oct 30	$1.44	$1.44	$3.56	70%	0.40	$166.44

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$121.00	$120.00	Oct 2	$0.63	$0.63	$0.37	91%	1.70	$120.37
$120.00	$119.00	Oct 30	$0.49	$0.49	$0.51	86%	0.96	$119.51
$145.00	$135.00	Oct 30	$3.72	$3.72	$6.28	57%	0.59	$141.28
$123.00	$122.00	Oct 30	$0.43	$0.43	$0.57	84%	0.75	$122.57
$123.00	$122.00	Oct 2	$0.35	$0.35	$0.65	90%	0.54	$122.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $2.05, cheapest $3.10)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$147.00	Sep 25	Oct 2	$2.08	76.2%	61.1%
$152.50	Sep 25	Oct 2	$1.81	77.3%	63.1%
$150.00	Sep 25	Oct 2	$1.95	76.9%	63.3%
$148.00	Sep 25	Oct 2	$2.05	77.0%	63.6%
$146.00	Sep 25	Oct 2	$2.15	76.7%	63.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$148.00	Sep 25	Oct 9	$3.10	76.8%	58.3%
$147.00	Sep 25	Oct 2	$1.72	76.3%	61.1%
$150.00	Sep 25	Oct 2	$2.05	76.9%	63.3%
$146.00	Sep 25	Oct 2	$1.93	76.7%	63.5%
$145.00	Sep 25	Oct 2	$1.90	75.9%	63.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 63 found (cheapest 5.68% of stock, avg 10.22%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$147.00	Sep 25	$4.47	$3.93	$8.40	$138.60	$155.40	5.68%
$148.00	Sep 25	$4.13	$4.43	$8.56	$139.44	$156.56	5.79%
$146.00	Sep 25	$5.13	$3.47	$8.60	$137.40	$154.60	5.82%
$149.00	Sep 25	$3.60	$5.05	$8.65	$140.35	$157.65	5.85%
$145.00	Sep 25	$5.68	$3.00	$8.68	$136.32	$153.68	5.87%
$144.00	Sep 25	$6.25	$2.47	$8.72	$135.28	$152.72	5.90%
$150.00	Sep 25	$3.30	$5.53	$8.83	$141.17	$158.83	5.97%
$143.00	Sep 25	$6.85	$2.18	$9.03	$133.97	$152.03	6.11%
$142.00	Sep 25	$7.60	$1.87	$9.47	$132.53	$151.47	6.41%
$141.00	Sep 25	$8.27	$1.60	$9.87	$131.13	$150.87	6.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.54% of stock, avg 6.74%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$157.50	$144.00	Sep 25	$1.29	$2.47	$3.76	$140.24	$161.26
$155.00	$144.00	Sep 25	$1.80	$2.47	$4.27	$139.73	$159.27
$152.50	$144.00	Sep 25	$2.44	$2.47	$4.91	$139.09	$157.41
$157.50	$145.00	Sep 25	$1.29	$3.00	$4.29	$140.71	$161.79
$155.00	$145.00	Sep 25	$1.80	$3.00	$4.80	$140.20	$159.80
$152.50	$145.00	Sep 25	$2.44	$3.00	$5.44	$139.56	$157.94
$157.50	$146.00	Sep 25	$1.29	$3.47	$4.76	$141.24	$162.26
$155.00	$146.00	Sep 25	$1.80	$3.47	$5.27	$140.73	$160.27
$150.00	$144.00	Sep 25	$3.30	$2.47	$5.77	$138.23	$155.77
$152.50	$146.00	Sep 25	$2.44	$3.47	$5.91	$140.09	$158.41

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 256 found (best R:R 0.85, avg credit $0.81)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
120/121	162/165	Oct 2	$1.15	$1.35	70%	0.85	$119.85	$163.65
120/121	160/162	Oct 2	$1.18	$1.32	66%	0.89	$119.82	$161.18
120/121	155/158	Oct 2	$1.32	$1.18	56%	1.12	$119.68	$156.32
120/121	168/170	Oct 2	$0.79	$1.71	76%	0.46	$120.21	$168.29
124/125	168/170	Oct 9	$0.88	$1.62	71%	0.54	$124.12	$168.38
120/121	158/160	Oct 2	$1.11	$1.39	62%	0.80	$119.89	$158.61
122/123	168/170	Oct 9	$0.78	$1.72	73%	0.45	$122.22	$168.28
122/123	162/165	Oct 2	$0.87	$1.63	69%	0.53	$122.13	$163.37
128/129	168/170	Oct 9	$0.91	$1.59	67%	0.57	$128.09	$168.41
119/120	162/165	Oct 2	$0.68	$1.82	75%	0.37	$119.32	$163.18

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 106 found (best R:R 82.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 16	$0.06	$4.94	12%	82.33
$152.50	$155.00	$157.50	Oct 2	$0.06	$2.44	11%	40.67
$152.50	$155.00	$157.50	Sep 25	$0.13	$2.37	13%	18.23
$160.00	$162.50	$165.00	Oct 23	$0.05	$2.45	6%	49.00
$150.00	$152.50	$155.00	Sep 25	$0.22	$2.28	16%	10.36

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$150.00	$155.00	$160.00	Oct 16	$0.26	$4.74	16%	18.23
$145.00	$150.00	$155.00	Oct 16	$0.32	$4.68	18%	14.62
$160.00	$165.00	$170.00	Oct 16	$0.27	$4.73	12%	17.52
$132.00	$133.00	$134.00	Sep 25	$0.05	$0.95	2%	19.00
$139.00	$140.00	$141.00	Sep 25	$0.07	$0.93	6%	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. 91 found (best net $-0.58, 87 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.47	$4.53
$170.00	$172.50	1:2	Sep 25	-$0.18	$2.32
$167.50	$170.00	1:2	Sep 25	-$0.24	$2.26
$162.50	$165.00	1:2	Sep 25	-$0.37	$2.13
$165.00	$167.50	1:2	Sep 25	-$0.33	$2.17

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$150.00	1:2	Oct 2	-$0.58	$9.42
$162.50	$150.00	1:2	Oct 23	-$1.89	$10.61
$145.00	$135.00	1:2	Oct 30	-$1.63	$8.37
$155.00	$150.00	1:2	Sep 25	-$1.91	$3.09
$121.00	$120.00	1:2	Sep 25	-$0.07	$0.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 6.09%, avg 2.31%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$150.00	Oct 30	$9.00	0.50	1.5%	6.09%	7.59%	6	100
$155.00	Oct 30	$6.65	0.43	4.9%	4.50%	9.38%	5	16
$150.00	Oct 23	$8.20	0.50	1.5%	5.55%	7.04%	4	25
$160.00	Oct 30	$4.65	0.36	8.3%	3.15%	11.41%	5	211
$155.00	Oct 23	$6.00	0.42	4.9%	4.06%	8.94%	2	84
$157.50	Oct 23	$5.20	0.39	6.6%	3.52%	10.09%	2	36
$152.50	Oct 23	$6.70	0.46	3.2%	4.53%	7.72%	4	26
$160.00	Oct 23	$4.45	0.35	8.3%	3.01%	11.27%	15	66
$165.00	Oct 30	$3.70	0.29	11.6%	2.50%	14.15%	8	24
$148.00	Oct 23	$8.55	0.53	0.1%	5.79%	5.93%	3	4

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 13,488

Total Puts 2,868

Put/Call Ratio 0.21

Net Difference 10,620

Prior's Put/Call Breakdown

Total Calls 12,229

Total Puts 9,836

Put/Call Ratio 0.80

Net Difference 2,393

Prior 7-Day Put/Call Summary

Total Calls 454,216

Total Puts 316,892

Average Put/Call Ratio 0.88

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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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