SHOP - Options Database

SHOP

SHOPIFY INC A

$149.07 +8.09%

(9/22 09:45) ◀

Tuesday, September 22, 2026 (9:50am)

▶ (9/22 09:55)

◀ 9/22 09:50 ▶

Option Volume

Detail

ℹ

Current (09/22 9:50am) 42,607

Calls: 33,140 (78%)

Puts: 9,467 (22%)

Prior (08/05) 53,364

Calls: 33,190 (62%)

Puts: 20,174 (38%)

Current vs Prior -20.16%

Calls: -0.15% (Calls)

Puts: -53.07% (Puts)

Prior 7-Day Total 706,858

Calls: 452,213 (64%)

Puts: 254,645 (36%)

Prior 7-Day Average 100,979

Calls: 64,601 (64%)

Puts: 36,377 (36%)

Current vs Prior 7-Day Avg -57.81%

Calls: -48.70%

Puts: -73.98%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 9:50am) $25.82M

Calls: $23.44M (91%)

Puts: $2.38M (9%)

Prior (08/05) $41.61M

Calls: $29.65M (71%)

Puts: $11.97M (29%)

Current vs Prior -37.95%

Calls: -20.93%

Puts: -80.13%

Prior 7-Day Total $305.41M

Calls: $189.82M (62%)

Puts: $115.59M (38%)

Prior 7-Day Average $43.63M

Calls: $27.12M (62%)

Puts: $16.51M (38%)

Current vs Prior 7-Day Avg -40.82%

Calls: -13.56%

Puts: -85.60%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 9:50am) 0.29

Prior (08/05) 0.61

Current vs Prior -53.00%

Prior 7-Day Average 0.54

Current vs Prior 7-Day Avg -47.56%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 9:50am) 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 4,985,545

Calls: 3,118,134 (63%)

Puts: 1,867,411 (37%)

Prior 7-Day Average 712,220

Calls: 445,447 (63%)

Puts: 266,773 (37%)

Current vs Prior 7-Day Avg -19.02%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 5.74% | 8.22%13.38% | 22.31%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +21.70% | +16.24%+89.31% | +56.00%

Prior 7-Day Avg 6.88% | 9.85%12.58% | 18.98%

Current vs 7-Day Avg -16.64% | -16.57%+6.38% | +17.58%

Prior 7-Day Eod 4.71% | 7.07%11.11% | 21.63%

Current vs 7-Day Eod +21.70% | +16.24%+20.48% | +3.16%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.29% | 13.14%

Calls: 7.23% | 19.83%

Puts: 11.36% | 6.45%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -50.11% | -57.68%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -37.75% | -27.47%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($23.44M) vs puts ($2.38M). Extreme bullish P/C ratio of 0.29 - heavy call buying (33,140 calls vs 9,467 puts). P/C ratio dropping 53% - 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 BULLISH

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
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 48 of results (avg 7.5%, best 4.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Oct 16	13.55	14.15	$13.85	4.3%	191	0.70	2.2K
$140.00	Sep 25	9.90	10.35	$10.13	4.4%	1.1K	0.84	5.5K
$152.50	Sep 25	2.59	2.72	$2.66	4.9%	5.2K	0.39	176
$134.00	Oct 2	15.95	16.80	$16.38	5.2%	54	0.86	222
$150.00	Oct 16	8.15	8.60	$8.38	5.4%	1.6K	0.52	8.7K

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.45	12.15	$11.80	5.9%	--	0.82	10
$150.00	Oct 2	6.00	6.40	$6.20	6.5%	--	0.51	26
$157.50	Sep 25	9.40	10.10	$9.75	7.2%	1	0.77	--
$155.00	Sep 25	7.40	8.10	$7.75	9.0%	21	0.69	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 4 found (avg $0.64, cheapest $0.45)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$165.00	Sep 25	0.54	0.62	$0.58	13.8%	167	0.11	407

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$137.00	Sep 25	0.41	0.49	$0.45	17.8%	70	0.09	68
$140.00	Sep 25	0.80	0.92	$0.86	14.0%	63	0.16	348
$120.00	Oct 16	0.61	0.73	$0.67	17.9%	413	0.06	6.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 153 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Oct 2	27.85	30.80	$29.33	10.1%	--	1.00	49
$120.00	Sep 25	28.20	30.75	$29.48	8.6%	--	1.00	205
$123.00	Sep 25	24.55	27.70	$26.13	12.1%	5	0.99	3
$125.00	Sep 25	23.10	25.35	$24.23	9.3%	11	0.99	213
$121.00	Sep 25	26.55	29.55	$28.05	10.7%	2	0.99	11

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.45	12.15	$11.80	5.9%	--	0.82	10
$172.50	Oct 23	24.55	27.35	$25.95	10.8%	--	0.79	21
$170.00	Oct 16	22.10	24.85	$23.48	11.7%	--	0.78	62
$157.50	Sep 25	9.40	10.10	$9.75	7.2%	1	0.77	--
$167.50	Oct 23	20.55	23.05	$21.80	11.5%	--	0.74	84

Most actively traded options today. High liquidity = easy entry/exit. 273 active (total vol 34.1K, top 5.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$152.50	Sep 25	2.59	2.72	$2.66	4.9%	5.2K	0.39	176
$155.00	Sep 25	1.88	1.99	$1.94	5.7%	2.4K	0.31	572
$150.00	Sep 25	3.50	3.75	$3.63	6.9%	1.9K	0.49	1.5K
$145.00	Oct 16	10.65	11.60	$11.13	8.5%	1.8K	0.61	13.4K
$150.00	Oct 16	8.15	8.60	$8.38	5.4%	1.6K	0.52	8.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$124.00	Sep 25	0.00	2.15	$1.08	199.1%	2.0K	0.10	2.2K
$135.00	Oct 16	2.64	3.05	$2.85	14.4%	560	0.22	1.7K
$120.00	Oct 16	0.61	0.73	$0.67	17.9%	413	0.06	6.1K
$144.00	Sep 25	1.67	1.97	$1.82	16.5%	177	0.28	13
$120.00	Oct 9	0.27	0.55	$0.41	68.3%	138	0.05	254

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 29 strikes (avg 26.6%, max 43.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	78.4%	54.7%	43.2%	975	856
$148.00	Sep 25	Oct 23	70.0%	50.9%	37.5%	531	161
$157.50	Sep 25	Oct 23	75.8%	55.5%	36.5%	253	114
$155.00	Sep 25	Oct 30	74.0%	55.6%	33.2%	2.4K	588
$145.00	Sep 25	Oct 30	70.7%	54.0%	30.9%	771	1.1K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	78.1%	54.7%	42.7%	1	10
$148.00	Sep 25	Oct 23	70.8%	50.9%	39.1%	60	21
$145.00	Sep 25	Oct 30	70.7%	54.0%	30.9%	73	104
$155.00	Sep 25	Oct 16	74.0%	56.8%	30.5%	21	514
$140.00	Sep 25	Oct 23	71.1%	55.4%	28.3%	63	395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 180 found (best R:R 2.33, avg 3.18)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$135.00	$137.00	Oct 30	$0.60	$1.40	$0.60	73%	2.33	$135.60
$130.00	$131.00	Sep 25	$0.19	$0.81	$0.19	97%	4.26	$130.19
$160.00	$165.00	Oct 30	$1.00	$4.00	$1.00	37%	4.00	$161.00
$123.00	$124.00	Sep 25	$0.40	$0.60	$0.40	99%	1.50	$123.40
$157.50	$160.00	Oct 2	$0.16	$2.34	$0.16	30%	14.62	$157.66

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$148.00	$145.00	Oct 23	$0.82	$2.18	$0.82	45%	2.66	$147.18
$150.00	$147.00	Oct 2	$1.07	$1.93	$1.07	51%	1.80	$148.93
$165.00	$160.00	Oct 30	$3.08	$1.92	$3.08	68%	0.62	$161.92
$140.00	$138.00	Oct 16	$0.38	$1.62	$0.38	30%	4.26	$139.62
$142.00	$141.00	Oct 9	$0.20	$0.80	$0.20	33%	4.00	$141.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 124 found (best R:R 1.50, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$150.00	$152.50	Oct 2	$1.30	$1.30	$1.20	51%	1.08	$151.30
$155.00	$157.50	Oct 2	$0.96	$0.96	$1.54	63%	0.62	$155.96
$172.50	$175.00	Sep 25	$0.21	$0.21	$2.29	94%	0.09	$172.71
$162.50	$165.00	Oct 9	$0.68	$0.68	$1.82	73%	0.37	$163.18
$167.50	$170.00	Oct 23	$0.67	$0.67	$1.83	74%	0.37	$168.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$124.00	$123.00	Oct 30	$0.60	$0.60	$0.40	85%	1.50	$123.40
$137.00	$135.00	Oct 16	$0.87	$0.87	$1.13	74%	0.77	$136.13
$134.00	$133.00	Oct 16	$0.60	$0.60	$0.40	78%	1.50	$133.40
$141.00	$140.00	Oct 9	$0.67	$0.67	$0.33	69%	2.03	$140.33
$135.00	$130.00	Oct 30	$1.49	$1.49	$3.51	73%	0.42	$133.51

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.18, cheapest $3.60)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$148.00	Sep 25	Oct 2	$1.68	70.0%	57.2%
$155.00	Sep 25	Oct 2	$1.79	74.0%	61.5%
$146.00	Sep 25	Oct 2	$1.82	71.4%	59.1%
$145.00	Sep 25	Oct 2	$1.92	70.7%	58.9%
$152.50	Sep 25	Oct 2	$1.84	71.7%	60.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$3.60	70.7%	56.3%
$148.00	Sep 25	Oct 9	$3.63	70.8%	56.8%
$146.00	Sep 25	Oct 2	$1.98	71.4%	59.1%
$155.00	Sep 25	Oct 2	$1.98	74.0%	61.9%
$145.00	Sep 25	Oct 2	$1.89	70.7%	58.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 65 found (cheapest 5.30% of stock, avg 10.14%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$147.00	Sep 25	$5.00	$2.90	$7.90	$139.10	$154.90	5.30%
$149.00	Sep 25	$4.15	$3.78	$7.93	$141.07	$156.93	5.32%
$148.00	Sep 25	$4.65	$3.30	$7.95	$140.05	$155.95	5.33%
$150.00	Sep 25	$3.63	$4.40	$8.03	$141.97	$158.03	5.39%
$146.00	Sep 25	$5.73	$2.52	$8.25	$137.75	$154.25	5.53%
$145.00	Sep 25	$6.43	$2.14	$8.57	$136.43	$153.57	5.75%
$144.00	Sep 25	$7.05	$1.82	$8.87	$135.13	$152.87	5.95%
$143.00	Sep 25	$7.75	$1.50	$9.25	$133.75	$152.25	6.21%
$155.00	Sep 25	$1.94	$7.75	$9.69	$145.31	$164.69	6.50%
$142.00	Sep 25	$8.52	$1.25	$9.77	$132.23	$151.77	6.55%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.15% of stock, avg 6.42%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$160.00	$145.00	Sep 25	$1.07	$2.14	$3.21	$141.79	$163.21
$157.50	$145.00	Sep 25	$1.44	$2.14	$3.58	$141.42	$161.08
$155.00	$145.00	Sep 25	$1.94	$2.14	$4.08	$140.92	$159.08
$160.00	$146.00	Sep 25	$1.07	$2.52	$3.59	$142.41	$163.59
$157.50	$146.00	Sep 25	$1.44	$2.52	$3.96	$142.04	$161.46
$155.00	$146.00	Sep 25	$1.94	$2.52	$4.46	$141.54	$159.46
$160.00	$147.00	Sep 25	$1.07	$2.90	$3.97	$143.03	$163.97
$157.50	$147.00	Sep 25	$1.44	$2.90	$4.34	$142.66	$161.84
$152.50	$145.00	Sep 25	$2.66	$2.14	$4.80	$140.20	$157.30
$155.00	$147.00	Sep 25	$1.94	$2.90	$4.84	$142.16	$159.84

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 262 found (best R:R 1.02, avg credit $0.79)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
123/124	172/175	Sep 25	$1.26	$1.24	84%	1.02	$122.74	$173.76
123/124	168/170	Sep 25	$1.16	$1.34	82%	0.87	$122.84	$168.66
123/124	165/168	Sep 25	$1.16	$1.34	80%	0.87	$122.84	$166.16
123/124	162/165	Sep 25	$1.25	$1.25	76%	1.00	$122.75	$163.75
123/124	160/162	Sep 25	$1.34	$1.16	72%	1.16	$122.66	$161.34
123/124	158/160	Sep 25	$1.42	$1.08	66%	1.31	$122.58	$158.92
123/124	155/158	Sep 25	$1.55	$0.95	59%	1.63	$122.45	$156.55
120/122	168/170	Oct 23	$1.01	$1.49	64%	0.68	$120.99	$168.51
123/125	168/170	Oct 23	$1.06	$1.44	61%	0.74	$123.94	$168.56
120/122	162/165	Oct 23	$1.12	$1.38	57%	0.81	$120.88	$163.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 126 found (best R:R 37.46, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$160.00	$165.00	Oct 16	$0.13	$4.87	15%	37.46
$150.00	$155.00	$160.00	Oct 30	$0.11	$4.89	14%	44.45
$165.00	$170.00	$175.00	Oct 30	$0.06	$4.94	11%	82.33
$157.50	$160.00	$162.50	Sep 25	$0.08	$2.42	10%	30.25
$155.00	$157.50	$160.00	Sep 25	$0.13	$2.37	12%	18.23

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 16	$0.12	$4.88	13%	40.67
$150.00	$155.00	$160.00	Oct 16	$0.30	$4.70	17%	15.67
$155.00	$160.00	$165.00	Oct 16	$0.26	$4.74	15%	18.23
$155.00	$157.50	$160.00	Sep 25	$0.05	$2.45	13%	49.00
$142.00	$145.00	$148.00	Oct 9	$0.13	$2.87	13%	22.08

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 $-2.10, 88 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.19	$4.81
$167.50	$170.00	1:2	Sep 25	-$0.25	$2.25
$162.50	$165.00	1:2	Sep 25	-$0.38	$2.12
$160.00	$162.50	1:2	Sep 25	-$0.49	$2.01
$165.00	$167.50	1:2	Sep 25	-$0.36	$2.14

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$162.50	$150.00	1:2	Oct 23	-$2.10	$10.40
$155.00	$150.00	1:2	Sep 25	-$1.05	$3.95
$145.00	$135.00	1:2	Oct 30	-$1.76	$8.24
$131.00	$130.00	1:2	Sep 25	-$0.05	$0.95
$130.00	$129.00	1:2	Sep 25	-$0.06	$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 4.90%, avg 2.25%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.30	0.45	4.0%	4.90%	8.88%	12	16
$150.00	Oct 30	$9.10	0.52	0.6%	6.10%	6.73%	18	100
$160.00	Oct 30	$5.30	0.37	7.3%	3.56%	10.89%	9	211
$150.00	Oct 23	$8.80	0.51	0.6%	5.90%	6.53%	176	25
$160.00	Oct 23	$5.05	0.36	7.3%	3.39%	10.72%	24	66
$155.00	Oct 23	$6.30	0.43	4.0%	4.23%	8.20%	4	84
$165.00	Oct 30	$3.70	0.32	10.7%	2.48%	13.17%	10	24
$152.50	Oct 23	$7.10	0.47	2.3%	4.76%	7.06%	6	26
$162.50	Oct 23	$4.25	0.33	9.0%	2.85%	11.86%	132	--
$150.00	Oct 16	$8.15	0.52	0.6%	5.47%	6.09%	1.6K	8.7K

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 33,140

Total Puts 9,467

Put/Call Ratio 0.29

Net Difference 23,673

Prior's Put/Call Breakdown

Total Calls 33,190

Total Puts 20,174

Put/Call Ratio 0.61

Net Difference 13,016

Prior 7-Day Put/Call Summary

Total Calls 452,213

Total Puts 254,645

Average Put/Call Ratio 0.54

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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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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