SHOP - Options Database

SHOP

SHOPIFY INC A

$148.12 +7.40%

(9/22 09:55) ◀

Tuesday, September 22, 2026 (10:00am)

▶ (9/22 10:05)

◀ 9/22 10:00 ▶

Option Volume

Detail

ℹ

Current (09/22 10:00am) 63,808

Calls: 48,922 (77%)

Puts: 14,886 (23%)

Prior (08/05) 58,203

Calls: 36,497 (63%)

Puts: 21,706 (37%)

Current vs Prior +9.63%

Calls: +34.04% (Calls)

Puts: -31.42% (Puts)

Prior 7-Day Total 738,559

Calls: 476,717 (65%)

Puts: 261,842 (35%)

Prior 7-Day Average 105,508

Calls: 68,102 (65%)

Puts: 37,406 (35%)

Current vs Prior 7-Day Avg -39.52%

Calls: -28.16%

Puts: -60.20%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:00am) $33.07M

Calls: $30.15M (91%)

Puts: $2.92M (9%)

Prior (08/05) $45.75M

Calls: $33.00M (72%)

Puts: $12.75M (28%)

Current vs Prior -27.71%

Calls: -8.62%

Puts: -77.11%

Prior 7-Day Total $322.12M

Calls: $205.39M (64%)

Puts: $116.73M (36%)

Prior 7-Day Average $46.02M

Calls: $29.34M (64%)

Puts: $16.68M (36%)

Current vs Prior 7-Day Avg -28.13%

Calls: +2.77%

Puts: -82.50%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:00am) 0.30

Prior (08/05) 0.59

Current vs Prior -48.84%

Prior 7-Day Average 0.55

Current vs Prior 7-Day Avg -44.96%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:00am) 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% | 8.36%12.86% | 22.00%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +21.76% | +18.23%+81.93% | +53.79%

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

Current vs 7-Day Avg -16.60% | -15.14%+2.23% | +15.91%

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

Current vs 7-Day Eod +21.76% | +18.23%+15.78% | +1.70%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.07% | 22.30%

Calls: 12.05% | 19.59%

Puts: 16.09% | 25.00%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -24.44% | -28.18%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -5.72% | +23.10%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($30.15M) vs puts ($2.92M). Extreme bullish P/C ratio of 0.30 - heavy call buying (48,922 calls vs 14,886 puts). P/C ratio dropping 49% - 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
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 7.5%, best 3.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$130.00	Oct 16	20.00	20.70	$20.35	3.4%	28	0.85	1.9K
$125.00	Oct 16	23.85	25.00	$24.43	4.7%	2	0.90	1.0K
$135.00	Oct 16	16.05	16.90	$16.48	5.2%	300	0.78	24.4K
$152.50	Sep 25	2.25	2.37	$2.31	5.2%	5.7K	0.36	176
$160.00	Sep 25	0.90	0.95	$0.93	5.4%	7.1K	0.17	645

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$157.50	Sep 25	10.10	10.90	$10.50	7.6%	1	0.78	--
$160.00	Sep 25	12.10	13.15	$12.63	8.3%	--	0.83	10
$144.00	Sep 25	2.00	2.18	$2.09	8.6%	240	0.31	13
$143.00	Sep 25	1.69	1.85	$1.77	9.0%	40	0.28	25
$155.00	Sep 25	8.05	8.85	$8.45	9.5%	21	0.72	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.60, cheapest $0.37)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$167.50	Sep 25	0.34	0.40	$0.37	16.2%	163	0.07	72
$165.00	Sep 25	0.47	0.55	$0.51	15.7%	248	0.10	407
$160.00	Sep 25	0.90	0.95	$0.93	5.4%	7.1K	0.17	645

PUTS (0)

No puts meet the criteria

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 155 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Sep 25	27.60	29.80	$28.70	7.7%	--	1.00	205
$121.00	Sep 25	26.10	29.30	$27.70	11.6%	2	1.00	11
$122.00	Sep 25	25.15	28.40	$26.78	12.1%	3	1.00	3
$123.00	Sep 25	24.15	27.35	$25.75	12.4%	5	1.00	3
$124.00	Sep 25	23.65	26.40	$25.03	11.0%	4	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	12.10	13.15	$12.63	8.3%	--	0.83	10
$172.50	Oct 23	24.25	27.25	$25.75	11.7%	--	0.80	21
$170.00	Oct 16	22.10	24.90	$23.50	11.9%	--	0.79	62
$157.50	Sep 25	10.10	10.90	$10.50	7.6%	1	0.78	--
$160.00	Oct 2	12.35	14.25	$13.30	14.3%	1	0.75	10

Most actively traded options today. High liquidity = easy entry/exit. 297 active (total vol 51.5K, top 7.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.90	0.95	$0.93	5.4%	7.1K	0.17	645
$152.50	Sep 25	2.25	2.37	$2.31	5.2%	5.7K	0.36	176
$155.00	Sep 25	1.65	1.77	$1.71	7.0%	4.8K	0.28	572
$150.00	Sep 25	3.10	3.45	$3.28	10.7%	2.4K	0.45	1.5K
$134.00	Sep 25	13.70	16.50	$15.10	18.5%	2.2K	0.93	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.98	1.09	$1.04	10.6%	2.0K	0.18	348
$124.00	Sep 25	0.00	0.09	$0.05	180.0%	2.0K	0.01	2.2K
$135.00	Oct 16	2.71	3.05	$2.88	11.8%	567	0.22	1.7K
$120.00	Oct 16	0.55	0.70	$0.63	23.8%	445	0.06	6.1K
$144.00	Sep 25	2.00	2.18	$2.09	8.6%	240	0.31	13

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 30 strikes (avg 29.0%, max 43.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	79.9%	55.6%	43.7%	7.1K	856
$157.50	Sep 25	Oct 23	77.3%	56.2%	37.6%	329	114
$148.00	Sep 25	Oct 23	70.5%	51.6%	36.6%	627	161
$149.00	Sep 25	Oct 23	72.8%	53.7%	35.6%	734	122
$152.50	Sep 25	Oct 23	73.6%	54.3%	35.6%	5.7K	202

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	79.9%	55.6%	43.7%	1	10
$148.00	Sep 25	Oct 23	70.5%	51.6%	36.6%	82	21
$155.00	Sep 25	Oct 16	75.8%	56.3%	34.6%	21	514
$150.00	Sep 25	Oct 23	72.7%	54.9%	32.3%	90	10
$145.00	Sep 25	Oct 30	68.8%	52.7%	30.5%	124	104

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 181 found (best R:R 7.00, avg 3.22)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$141.00	$143.00	Oct 23	$0.25	$1.75	$0.25	66%	7.00	$141.25
$150.00	$155.00	Oct 30	$1.53	$3.47	$1.53	51%	2.27	$151.53
$130.00	$131.00	Oct 16	$0.12	$0.88	$0.12	85%	7.33	$130.12
$152.50	$155.00	Oct 23	$0.53	$1.97	$0.53	47%	3.72	$153.03
$150.00	$152.50	Oct 16	$0.67	$1.83	$0.67	50%	2.73	$150.67

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$148.00	$145.00	Oct 23	$1.07	$1.93	$1.07	46%	1.80	$146.93
$140.00	$138.00	Oct 16	$0.40	$1.60	$0.40	31%	4.00	$139.60
$130.00	$128.00	Oct 16	$0.12	$1.88	$0.12	16%	15.67	$129.88
$142.00	$141.00	Oct 2	$0.13	$0.87	$0.13	30%	6.69	$141.87
$145.00	$141.00	Oct 16	$1.28	$2.72	$1.28	40%	2.12	$143.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 133 found (best R:R 5.67, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$152.50	$155.00	Oct 16	$1.30	$1.30	$1.20	54%	1.08	$153.80
$162.50	$165.00	Oct 9	$0.79	$0.79	$1.71	73%	0.46	$163.29
$157.50	$160.00	Oct 23	$1.10	$1.10	$1.40	61%	0.79	$158.60
$155.00	$157.50	Oct 2	$0.97	$0.97	$1.53	64%	0.63	$155.97
$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	$0.85	$0.85	$0.15	85%	5.67	$123.15
$120.00	$119.00	Oct 30	$0.68	$0.68	$0.32	86%	2.12	$119.32
$123.00	$122.00	Oct 2	$0.39	$0.39	$0.61	94%	0.64	$122.61
$141.00	$140.00	Oct 9	$0.65	$0.65	$0.35	68%	1.86	$140.35
$136.00	$135.00	Oct 23	$0.60	$0.60	$0.40	73%	1.50	$135.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $1.98, cheapest $1.90)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 2	$1.90	72.8%	58.2%
$150.00	Sep 25	Oct 2	$1.95	72.7%	58.8%
$146.00	Sep 25	Oct 2	$2.25	70.6%	58.2%
$147.00	Sep 25	Oct 2	$2.00	70.6%	59.1%
$148.00	Sep 25	Oct 2	$2.23	70.5%	59.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$150.00	Sep 25	Oct 2	$1.68	72.7%	58.8%
$149.00	Sep 25	Oct 9	$2.93	72.8%	59.5%
$146.00	Sep 25	Oct 2	$1.60	70.6%	58.2%
$147.00	Sep 25	Oct 2	$1.75	70.6%	59.1%
$148.00	Sep 25	Oct 2	$1.75	70.5%	59.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 71 found (cheapest 5.37% of stock, avg 10.11%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$147.00	Sep 25	$4.65	$3.30	$7.95	$139.05	$154.95	5.37%
$148.00	Sep 25	$4.15	$3.80	$7.95	$140.05	$155.95	5.37%
$149.00	Sep 25	$3.73	$4.35	$8.08	$140.92	$157.08	5.46%
$146.00	Sep 25	$5.20	$2.90	$8.10	$137.90	$154.10	5.47%
$150.00	Sep 25	$3.28	$4.90	$8.18	$141.82	$158.18	5.52%
$145.00	Sep 25	$5.83	$2.47	$8.30	$136.70	$153.30	5.60%
$144.00	Sep 25	$6.45	$2.09	$8.54	$135.46	$152.54	5.77%
$143.00	Sep 25	$7.13	$1.77	$8.90	$134.10	$151.90	6.01%
$142.00	Sep 25	$7.82	$1.46	$9.28	$132.72	$151.28	6.27%
$141.00	Sep 25	$8.57	$1.23	$9.80	$131.20	$150.80	6.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.26% of stock, avg 6.56%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$157.50	$144.00	Sep 25	$1.26	$2.09	$3.35	$140.65	$160.85
$155.00	$144.00	Sep 25	$1.71	$2.09	$3.80	$140.20	$158.80
$157.50	$145.00	Sep 25	$1.26	$2.47	$3.73	$141.27	$161.23
$155.00	$145.00	Sep 25	$1.71	$2.47	$4.18	$140.82	$159.18
$152.50	$144.00	Sep 25	$2.31	$2.09	$4.40	$139.60	$156.90
$152.50	$145.00	Sep 25	$2.31	$2.47	$4.78	$140.22	$157.28
$157.50	$146.00	Sep 25	$1.26	$2.90	$4.16	$141.84	$161.66
$155.00	$146.00	Sep 25	$1.71	$2.90	$4.61	$141.39	$159.61
$152.50	$146.00	Sep 25	$2.31	$2.90	$5.21	$140.79	$157.71
$157.50	$147.00	Sep 25	$1.26	$3.30	$4.56	$142.44	$162.06

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 253 found (best R:R 0.92, avg credit $0.79)

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
119/120	162/165	Oct 9	$1.02	$1.48	67%	0.69	$118.98	$163.52
121/122	162/165	Oct 9	$1.00	$1.50	67%	0.67	$121.00	$163.50
122/123	165/168	Oct 2	$0.74	$1.76	76%	0.42	$122.26	$165.74
122/123	160/162	Oct 2	$0.87	$1.63	68%	0.53	$122.13	$160.87
128/129	162/165	Oct 9	$1.05	$1.45	61%	0.72	$127.95	$163.55
123/125	162/165	Oct 23	$1.20	$1.30	55%	0.92	$123.80	$163.70
126/127	162/165	Oct 9	$0.99	$1.51	63%	0.66	$126.01	$163.49
124/125	162/165	Oct 9	$0.92	$1.58	65%	0.58	$124.08	$163.42
119/120	158/160	Oct 9	$1.05	$1.45	59%	0.72	$118.95	$158.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 115 found (best R:R 32.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 30	$0.15	$4.85	11%	32.33
$155.00	$160.00	$165.00	Oct 16	$0.32	$4.68	15%	14.62
$152.50	$155.00	$157.50	Sep 25	$0.15	$2.35	14%	15.67
$155.00	$157.50	$160.00	Sep 25	$0.12	$2.38	11%	19.83
$162.50	$165.00	$167.50	Sep 25	$0.07	$2.43	6%	34.71

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$157.50	$160.00	Sep 25	$0.08	$2.42	11%	30.25
$143.00	$144.00	$145.00	Sep 25	$0.06	$0.94	7%	15.67
$137.00	$138.00	$139.00	Sep 25	$0.05	$0.95	5%	19.00
$134.00	$135.00	$136.00	Oct 9	$0.05	$0.95	4%	19.00
$141.00	$142.00	$143.00	Sep 25	$0.08	$0.92	7%	11.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 88 found (best net $-2.05, 86 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.16	$4.84
$172.50	$175.00	1:2	Sep 25	-$0.12	$2.38
$165.00	$167.50	1:2	Sep 25	-$0.23	$2.27
$162.50	$165.00	1:2	Sep 25	-$0.30	$2.20
$170.00	$172.50	1:2	Sep 25	-$0.19	$2.31

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	-$1.35	$3.65
$145.00	$135.00	1:2	Oct 30	-$1.57	$8.43
$131.00	$130.00	1:2	Sep 25	$0.00	$1.00
$122.00	$121.00	1:2	Oct 9	-$0.05	$0.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.79%, avg 2.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.10	0.44	4.6%	4.79%	9.44%	21	16
$160.00	Oct 30	$5.20	0.37	8.0%	3.51%	11.53%	10	211
$150.00	Oct 30	$8.35	0.51	1.3%	5.64%	6.91%	18	100
$155.00	Oct 23	$6.30	0.43	4.6%	4.25%	8.90%	5	84
$150.00	Oct 23	$8.20	0.51	1.3%	5.54%	6.81%	201	25
$152.50	Oct 23	$7.10	0.47	3.0%	4.79%	7.75%	16	26
$149.00	Oct 23	$8.65	0.52	0.6%	5.84%	6.43%	75	8
$165.00	Oct 30	$3.70	0.31	11.4%	2.50%	13.89%	11	24
$157.50	Oct 23	$5.20	0.39	6.3%	3.51%	9.84%	2	36
$160.00	Oct 23	$4.70	0.35	8.0%	3.17%	11.19%	25	66

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 48,922

Total Puts 14,886

Put/Call Ratio 0.30

Net Difference 34,036

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 476,717

Total Puts 261,842

Average Put/Call Ratio 0.55

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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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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