SHOP - Options Database

SHOP

SHOPIFY INC A

$149.67 +8.52%

(9/22 09:50) ◀

Tuesday, September 22, 2026 (9:55am)

▶ (9/22 10:00)

◀ 9/22 09:55 ▶

Option Volume

Detail

ℹ

Current (09/22 9:55am) 52,863

Calls: 42,605 (81%)

Puts: 10,258 (19%)

Prior (08/05) 58,203

Calls: 36,497 (63%)

Puts: 21,706 (37%)

Current vs Prior -9.17%

Calls: +16.74% (Calls)

Puts: -52.74% (Puts)

Prior 7-Day Total 725,114

Calls: 464,851 (64%)

Puts: 260,263 (36%)

Prior 7-Day Average 103,587

Calls: 66,407 (64%)

Puts: 37,180 (36%)

Current vs Prior 7-Day Avg -48.97%

Calls: -35.84%

Puts: -72.41%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 9:55am) $30.18M

Calls: $27.75M (92%)

Puts: $2.43M (8%)

Prior (08/05) $45.75M

Calls: $33.00M (72%)

Puts: $12.75M (28%)

Current vs Prior -34.03%

Calls: -15.91%

Puts: -80.92%

Prior 7-Day Total $315.07M

Calls: $198.80M (63%)

Puts: $116.27M (37%)

Prior 7-Day Average $45.01M

Calls: $28.40M (63%)

Puts: $16.61M (37%)

Current vs Prior 7-Day Avg -32.94%

Calls: -2.29%

Puts: -85.36%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 9:55am) 0.24

Prior (08/05) 0.59

Current vs Prior -59.52%

Prior 7-Day Average 0.56

Current vs Prior 7-Day Avg -56.91%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 9:55am) 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 5.81% | 8.57%13.36% | 22.12%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +23.34% | +21.26%+89.02% | +54.62%

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

Current vs 7-Day Avg -15.52% | -12.97%+6.22% | +16.54%

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

Current vs 7-Day Eod +23.34% | +21.26%+20.30% | +2.25%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.06% | 17.56%

Calls: 6.82% | 20.47%

Puts: 9.30% | 14.66%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -56.71% | -43.45%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -45.99% | -3.07%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 92% of dollar volume in calls ($27.75M) vs puts ($2.43M). Extreme bullish P/C ratio of 0.24 - heavy call buying (42,605 calls vs 10,258 puts). P/C ratio dropping 60% - 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
09:55	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 59 of results (avg 6.9%, best 1.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Oct 16	14.10	14.35	$14.23	1.8%	199	0.70	2.2K
$130.00	Oct 16	21.60	22.00	$21.80	1.8%	24	0.85	1.9K
$135.00	Oct 16	17.55	18.00	$17.77	2.5%	297	0.78	24.4K
$150.00	Sep 25	3.85	3.95	$3.90	2.6%	2.3K	0.50	1.5K
$125.00	Oct 16	25.80	26.80	$26.30	3.8%	2	0.90	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$145.00	Sep 25	2.00	2.08	$2.04	3.9%	96	0.31	103
$146.00	Sep 25	2.28	2.44	$2.36	6.8%	8	0.34	5
$155.00	Sep 25	7.25	7.80	$7.53	7.3%	21	0.68	--
$160.00	Sep 25	11.00	12.00	$11.50	8.7%	--	0.80	10
$144.00	Sep 25	1.65	1.81	$1.73	9.2%	182	0.27	13

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.68, cheapest $0.55)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$167.50	Sep 25	0.44	0.53	$0.49	18.4%	158	0.09	72
$165.00	Sep 25	0.65	0.70	$0.68	7.4%	214	0.12	407
$162.50	Sep 25	0.84	0.96	$0.90	13.3%	1.1K	0.15	26

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$138.00	Sep 25	0.51	0.59	$0.55	14.5%	47	0.11	100
$140.00	Sep 25	0.74	0.90	$0.82	19.5%	64	0.15	348
$120.00	Oct 16	0.56	0.68	$0.62	19.4%	443	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	Sep 25	28.40	30.95	$29.67	8.6%	--	1.00	205
$121.00	Sep 25	26.65	29.75	$28.20	11.0%	2	1.00	11
$122.00	Sep 25	25.65	28.80	$27.23	11.6%	3	1.00	3
$123.00	Sep 25	24.65	27.90	$26.28	12.4%	5	1.00	3
$125.00	Sep 25	23.45	25.40	$24.42	8.0%	11	1.00	213

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.00	12.00	$11.50	8.7%	--	0.80	10
$172.50	Oct 23	24.20	27.25	$25.73	11.9%	--	0.79	21
$170.00	Oct 16	22.10	24.70	$23.40	11.1%	--	0.78	62
$157.50	Sep 25	8.95	9.85	$9.40	9.6%	1	0.74	--
$167.50	Oct 23	20.30	22.75	$21.53	11.4%	--	0.73	84

Most actively traded options today. High liquidity = easy entry/exit. 286 active (total vol 43.1K, top 6.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	1.15	1.23	$1.19	6.7%	6.5K	0.20	645
$152.50	Sep 25	2.85	3.05	$2.95	6.8%	5.5K	0.41	176
$155.00	Sep 25	2.11	2.21	$2.16	4.6%	2.7K	0.33	572
$150.00	Sep 25	3.85	3.95	$3.90	2.6%	2.3K	0.50	1.5K
$145.00	Oct 16	10.90	11.50	$11.20	5.4%	1.9K	0.61	13.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$124.00	Sep 25	0.00	0.68	$0.34	200.0%	2.0K	0.05	2.2K
$135.00	Oct 16	2.66	3.15	$2.91	16.8%	561	0.22	1.7K
$120.00	Oct 16	0.56	0.68	$0.62	19.4%	443	0.06	6.1K
$144.00	Sep 25	1.65	1.81	$1.73	9.2%	182	0.27	13
$120.00	Oct 9	0.29	0.45	$0.37	43.2%	140	0.04	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 29.0%, max 46.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$162.50	Sep 25	Oct 23	82.9%	56.5%	46.7%	1.2K	26
$160.00	Sep 25	Oct 30	80.8%	55.5%	45.5%	6.5K	856
$157.50	Sep 25	Oct 23	78.9%	55.5%	42.0%	285	114
$148.00	Sep 25	Oct 23	71.5%	51.7%	38.4%	564	161
$155.00	Sep 25	Oct 30	76.8%	56.4%	36.0%	2.7K	588

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	80.8%	55.5%	45.5%	1	10
$148.00	Sep 25	Oct 23	71.5%	51.7%	38.4%	79	21
$155.00	Sep 25	Oct 16	76.8%	57.9%	32.6%	21	514
$150.00	Sep 25	Oct 23	73.2%	56.9%	28.6%	86	10
$145.00	Sep 25	Oct 30	69.1%	53.9%	28.1%	101	104

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 188 found (best R:R 8.09, avg 3.16)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$165.00	$170.00	Oct 30	$0.55	$4.45	$0.55	32%	8.09	$165.55
$128.00	$129.00	Sep 25	$0.15	$0.85	$0.15	100%	5.67	$128.15
$132.00	$135.00	Oct 23	$1.53	$1.47	$1.53	79%	0.96	$133.53
$128.00	$129.00	Oct 2	$0.30	$0.70	$0.30	95%	2.33	$128.30
$150.00	$155.00	Oct 30	$1.79	$3.21	$1.79	52%	1.79	$151.79

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$145.00	$141.00	Oct 16	$0.88	$3.12	$0.88	38%	3.55	$144.12
$148.00	$145.00	Oct 23	$0.97	$2.03	$0.97	45%	2.09	$147.03
$165.00	$160.00	Oct 30	$3.05	$1.95	$3.05	68%	0.64	$161.95
$148.00	$147.00	Oct 2	$0.20	$0.80	$0.20	44%	4.00	$147.80
$130.00	$128.00	Oct 16	$0.11	$1.89	$0.11	15%	17.18	$129.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 128 found (best R:R 4.56, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$155.00	$157.50	Oct 2	$1.10	$1.10	$1.40	62%	0.79	$156.10
$150.00	$152.50	Oct 16	$1.42	$1.42	$1.08	48%	1.31	$151.42
$155.00	$157.50	Oct 9	$1.11	$1.11	$1.39	59%	0.80	$156.11
$167.50	$170.00	Oct 23	$0.67	$0.67	$1.83	74%	0.37	$168.17
$150.00	$152.50	Oct 9	$1.28	$1.28	$1.22	50%	1.05	$151.28

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$141.00	$140.00	Oct 9	$0.82	$0.82	$0.18	69%	4.56	$140.18
$133.00	$132.00	Oct 30	$0.72	$0.72	$0.28	76%	2.57	$132.28
$132.00	$130.00	Oct 30	$0.83	$0.83	$1.17	78%	0.71	$131.17
$148.00	$145.00	Oct 9	$1.68	$1.68	$1.32	55%	1.27	$146.32
$135.00	$131.00	Oct 23	$1.18	$1.18	$2.82	75%	0.42	$133.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.02, cheapest $3.53)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$155.00	Sep 25	Oct 2	$1.82	76.8%	63.3%
$148.00	Sep 25	Oct 2	$1.71	71.5%	58.5%
$150.00	Sep 25	Oct 2	$2.00	73.2%	62.5%
$145.00	Sep 25	Oct 2	$1.45	69.1%	58.5%
$147.00	Sep 25	Oct 2	$1.78	71.6%	61.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$3.53	71.6%	56.3%
$155.00	Sep 25	Oct 2	$2.20	76.8%	63.3%
$148.00	Sep 25	Oct 2	$1.92	71.5%	58.5%
$150.00	Sep 25	Oct 2	$2.18	73.2%	62.5%
$145.00	Sep 25	Oct 2	$1.86	69.1%	58.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 66 found (cheapest 5.45% of stock, avg 10.19%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$149.00	Sep 25	$4.40	$3.75	$8.15	$140.85	$157.15	5.45%
$150.00	Sep 25	$3.90	$4.30	$8.20	$141.80	$158.20	5.48%
$148.00	Sep 25	$4.97	$3.28	$8.25	$139.75	$156.25	5.51%
$147.00	Sep 25	$5.50	$2.85	$8.35	$138.65	$155.35	5.58%
$146.00	Sep 25	$6.03	$2.36	$8.39	$137.61	$154.39	5.61%
$145.00	Sep 25	$6.70	$2.04	$8.74	$136.26	$153.74	5.84%
$144.00	Sep 25	$7.50	$1.73	$9.23	$134.77	$153.23	6.17%
$143.00	Sep 25	$8.07	$1.43	$9.50	$133.50	$152.50	6.35%
$155.00	Sep 25	$2.16	$7.53	$9.69	$145.31	$164.69	6.47%
$142.00	Sep 25	$8.80	$1.19	$9.99	$132.01	$151.99	6.67%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.16% of stock, avg 6.48%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$160.00	$145.00	Sep 25	$1.19	$2.04	$3.23	$141.77	$163.23
$157.50	$145.00	Sep 25	$1.60	$2.04	$3.64	$141.36	$161.14
$160.00	$146.00	Sep 25	$1.19	$2.36	$3.55	$142.45	$163.55
$155.00	$145.00	Sep 25	$2.16	$2.04	$4.20	$140.80	$159.20
$157.50	$146.00	Sep 25	$1.60	$2.36	$3.96	$142.04	$161.46
$155.00	$146.00	Sep 25	$2.16	$2.36	$4.52	$141.48	$159.52
$160.00	$147.00	Sep 25	$1.19	$2.85	$4.04	$142.96	$164.04
$157.50	$147.00	Sep 25	$1.60	$2.85	$4.45	$142.55	$161.95
$155.00	$147.00	Sep 25	$2.16	$2.85	$5.01	$141.99	$160.01
$152.50	$145.00	Sep 25	$2.95	$2.04	$4.99	$140.01	$157.49

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 264 found (best R:R 0.92, avg credit $0.75)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
123/125	168/170	Oct 23	$1.20	$1.30	61%	0.92	$123.80	$168.70
123/125	162/165	Oct 23	$1.31	$1.19	55%	1.10	$123.69	$163.81
123/124	172/175	Sep 25	$0.41	$2.09	89%	0.20	$123.59	$172.91
123/124	168/170	Sep 25	$0.43	$2.07	86%	0.21	$123.57	$167.93
123/124	165/168	Sep 25	$0.50	$2.00	84%	0.25	$123.50	$165.50
123/124	162/165	Sep 25	$0.53	$1.97	80%	0.27	$123.47	$163.03
123/124	160/162	Sep 25	$0.60	$1.90	76%	0.32	$123.40	$160.60
123/125	165/168	Oct 23	$1.02	$1.48	58%	0.69	$123.98	$166.02
130/131	172/175	Sep 25	$0.23	$2.27	90%	0.10	$130.77	$172.73
123/124	158/160	Sep 25	$0.72	$1.78	70%	0.40	$123.28	$158.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 127 found (best R:R 12.16, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$165.00	$170.00	$175.00	Oct 16	$0.21	$4.79	11%	22.81
$150.00	$152.50	$155.00	Sep 25	$0.16	$2.34	17%	14.62
$162.50	$165.00	$167.50	Oct 2	$0.05	$2.45	8%	49.00
$160.00	$162.50	$165.00	Sep 25	$0.07	$2.43	8%	34.71
$160.00	$162.50	$165.00	Oct 9	$0.08	$2.42	8%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$145.00	$150.00	$155.00	Oct 16	$0.38	$4.62	18%	12.16
$139.00	$140.00	$141.00	Sep 25	$0.05	$0.95	5%	19.00
$142.00	$143.00	$144.00	Sep 25	$0.06	$0.94	7%	15.67
$132.00	$133.00	$134.00	Oct 2	$0.05	$0.95	3%	19.00
$135.00	$136.00	$137.00	Oct 23	$0.05	$0.95	3%	19.00

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 $-2.05, 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
$172.50	$175.00	1:2	Sep 25	-$0.13	$2.37
$165.00	$167.50	1:2	Sep 25	-$0.30	$2.20
$167.50	$170.00	1:2	Sep 25	-$0.25	$2.25
$170.00	$172.50	1:2	Sep 25	-$0.29	$2.21

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$162.50	$150.00	1:2	Oct 23	-$2.05	$10.45
$155.00	$150.00	1:2	Sep 25	-$1.07	$3.93
$145.00	$135.00	1:2	Oct 30	-$1.62	$8.38
$130.00	$129.00	1:2	Sep 25	-$0.06	$0.94
$123.00	$122.00	1:2	Sep 25	-$0.05	$0.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 5.01%, avg 2.31%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.50	0.45	3.6%	5.01%	8.57%	12	16
$160.00	Oct 30	$5.70	0.38	6.9%	3.81%	10.71%	10	211
$170.00	Oct 30	$3.80	0.28	13.6%	2.54%	16.12%	25	10
$150.00	Oct 30	$9.15	0.52	0.2%	6.11%	6.33%	18	100
$150.00	Oct 23	$8.60	0.51	0.2%	5.75%	5.97%	177	25
$155.00	Oct 23	$6.40	0.43	3.6%	4.28%	7.84%	5	84
$165.00	Oct 30	$3.75	0.32	10.2%	2.51%	12.75%	11	24
$150.00	Oct 16	$8.40	0.52	0.2%	5.61%	5.83%	1.8K	8.7K
$160.00	Oct 23	$4.85	0.36	6.9%	3.24%	10.14%	24	66
$162.50	Oct 23	$4.25	0.33	8.6%	2.84%	11.41%	132	--

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 42,605

Total Puts 10,258

Put/Call Ratio 0.24

Net Difference 32,347

Prior's Put/Call Breakdown

Total Calls 36,497

Total Puts 21,706

Put/Call Ratio 0.59

Net Difference 14,791

Prior 7-Day Put/Call Summary

Total Calls 464,851

Total Puts 260,263

Average Put/Call Ratio 0.56

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

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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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