SHOP - Options Database

SHOP

SHOPIFY INC A

$148.71 +7.82%

(9/22 10:00) ◀

Tuesday, September 22, 2026 (10:05am)

▶ (9/22 10:10)

◀ 9/22 10:05 ▶

Option Volume

Detail

ℹ

Current (09/22 10:05am) 67,086

Calls: 51,303 (76%)

Puts: 15,783 (24%)

Prior (08/05) 65,420

Calls: 40,710 (62%)

Puts: 24,710 (38%)

Current vs Prior +2.55%

Calls: +26.02% (Calls)

Puts: -36.13% (Puts)

Prior 7-Day Total 759,760

Calls: 492,499 (65%)

Puts: 267,261 (35%)

Prior 7-Day Average 108,537

Calls: 70,357 (65%)

Puts: 38,180 (35%)

Current vs Prior 7-Day Avg -38.19%

Calls: -27.08%

Puts: -58.66%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:05am) $36.16M

Calls: $32.34M (89%)

Puts: $3.82M (11%)

Prior (08/05) $53.07M

Calls: $38.36M (72%)

Puts: $14.70M (28%)

Current vs Prior -31.86%

Calls: -15.71%

Puts: -74.00%

Prior 7-Day Total $329.37M

Calls: $212.10M (64%)

Puts: $117.27M (36%)

Prior 7-Day Average $47.05M

Calls: $30.30M (64%)

Puts: $16.75M (36%)

Current vs Prior 7-Day Avg -23.15%

Calls: +6.72%

Puts: -77.18%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:05am) 0.31

Prior (08/05) 0.61

Current vs Prior -49.32%

Prior 7-Day Average 0.56

Current vs Prior 7-Day Avg -44.63%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:05am) 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 5.65% | 8.29%12.91% | 22.06%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +19.85% | +17.29%+82.63% | +54.26%

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

Current vs 7-Day Avg -17.91% | -15.82%+2.63% | +16.27%

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

Current vs 7-Day Eod +19.85% | +17.29%+16.23% | +2.01%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 13.14% | 23.16%

Calls: 9.41% | 21.33%

Puts: 16.87% | 25.00%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -29.43% | -25.41%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -11.95% | +27.84%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 89% of dollar volume in calls ($32.34M) vs puts ($3.82M). Extreme bullish P/C ratio of 0.31 - heavy call buying (51,303 calls vs 15,783 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
10:05	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 42 of results (avg 7.1%, best 1.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Oct 16	13.40	13.65	$13.53	1.8%	347	0.69	2.2K
$120.00	Sep 25	28.55	29.50	$29.03	3.3%	--	1.00	205
$130.00	Sep 25	18.45	19.30	$18.88	4.5%	1.1K	1.00	1.8K
$130.00	Oct 2	19.10	20.00	$19.55	4.6%	5	0.92	85
$150.00	Oct 2	5.20	5.45	$5.33	4.7%	478	0.48	975

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$148.00	Sep 25	3.45	3.60	$3.53	4.2%	138	0.46	21
$147.00	Sep 25	3.00	3.20	$3.10	6.5%	35	0.42	18
$146.00	Sep 25	2.57	2.75	$2.66	6.8%	37	0.38	5
$157.50	Sep 25	9.75	10.50	$10.13	7.4%	1	0.78	--
$145.00	Sep 25	2.20	2.37	$2.29	7.4%	120	0.34	103

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 7 found (avg $0.66, cheapest $0.31)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$165.00	Sep 25	0.47	0.54	$0.51	13.7%	256	0.10	407
$162.50	Sep 25	0.66	0.80	$0.73	19.2%	1.1K	0.13	26
$160.00	Sep 25	0.90	0.96	$0.93	6.5%	7.5K	0.17	645

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$135.00	Sep 25	0.28	0.34	$0.31	19.4%	119	0.07	2.1K
$137.00	Sep 25	0.44	0.53	$0.49	18.4%	77	0.10	68
$139.00	Sep 25	0.69	0.75	$0.72	8.3%	76	0.15	66
$140.00	Sep 25	0.85	1.00	$0.93	16.1%	2.1K	0.17	348

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 156 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Sep 25	28.55	29.50	$29.03	3.3%	--	1.00	205
$121.00	Sep 25	26.15	29.05	$27.60	10.5%	2	1.00	11
$122.00	Sep 25	25.15	28.05	$26.60	10.9%	3	1.00	3
$123.00	Sep 25	24.15	27.25	$25.70	12.1%	5	1.00	3
$124.00	Sep 25	23.95	26.05	$25.00	8.4%	4	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.65	12.70	$12.18	8.6%	--	0.83	10
$172.50	Oct 23	24.50	27.45	$25.98	11.4%	--	0.80	21
$170.00	Oct 16	22.10	24.90	$23.50	11.9%	--	0.79	62
$157.50	Sep 25	9.75	10.50	$10.13	7.4%	1	0.78	--
$160.00	Oct 2	12.35	14.25	$13.30	14.3%	1	0.74	10

Most actively traded options today. High liquidity = easy entry/exit. 301 active (total vol 53.7K, top 7.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.90	0.96	$0.93	6.5%	7.5K	0.17	645
$152.50	Sep 25	2.36	2.52	$2.44	6.6%	5.8K	0.36	176
$155.00	Sep 25	1.75	1.85	$1.80	5.6%	5.3K	0.28	572
$150.00	Sep 25	3.30	3.55	$3.43	7.3%	2.6K	0.46	1.5K
$134.00	Sep 25	13.35	16.20	$14.77	19.3%	2.2K	0.94	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.85	1.00	$0.93	16.1%	2.1K	0.17	348
$124.00	Sep 25	0.00	0.21	$0.11	190.9%	2.0K	0.02	2.2K
$135.00	Oct 16	2.68	3.00	$2.84	11.3%	570	0.22	1.7K
$120.00	Oct 16	0.58	0.74	$0.66	24.2%	450	0.06	6.1K
$144.00	Sep 25	1.87	2.04	$1.96	8.7%	242	0.30	13

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 26.4%, max 40.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	77.6%	55.4%	40.1%	7.5K	856
$157.50	Sep 25	Oct 23	76.1%	56.9%	33.9%	389	114
$148.00	Sep 25	Oct 23	68.1%	51.4%	32.5%	649	161
$150.00	Sep 25	Oct 30	71.6%	54.5%	31.4%	2.6K	1.6K
$143.00	Sep 25	Oct 30	69.3%	52.9%	30.9%	619	1.6K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	77.6%	55.4%	40.1%	1	10
$148.00	Sep 25	Oct 23	68.1%	51.4%	32.5%	179	21
$145.00	Sep 25	Oct 30	68.7%	52.9%	30.0%	125	104
$155.00	Sep 25	Oct 16	73.8%	56.8%	30.0%	21	514
$150.00	Sep 25	Oct 23	71.6%	55.8%	28.4%	97	10

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 181 found (best R:R 3.44, avg 3.05)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$141.00	$143.00	Oct 23	$0.45	$1.55	$0.45	65%	3.44	$141.45
$150.00	$155.00	Oct 30	$1.55	$3.45	$1.55	51%	2.23	$151.55
$137.00	$138.00	Oct 2	$0.15	$0.85	$0.15	81%	5.67	$137.15
$145.00	$150.00	Oct 16	$2.10	$2.90	$2.10	60%	1.38	$147.10
$130.00	$131.00	Oct 16	$0.27	$0.73	$0.27	84%	2.70	$130.27

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$135.00	$133.00	Oct 23	$0.18	$1.82	$0.18	24%	10.11	$134.82
$140.00	$138.00	Oct 16	$0.40	$1.60	$0.40	31%	4.00	$139.60
$142.00	$141.00	Oct 2	$0.13	$0.87	$0.13	30%	6.69	$141.87
$165.00	$160.00	Oct 30	$3.17	$1.83	$3.17	68%	0.58	$161.83
$145.00	$144.00	Oct 2	$0.22	$0.78	$0.22	38%	3.55	$144.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 130 found (best R:R 4.56, avg 0.51)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$162.50	$165.00	Oct 9	$0.82	$0.82	$1.68	72%	0.49	$163.32
$157.50	$160.00	Oct 23	$1.10	$1.10	$1.40	61%	0.79	$158.60
$150.00	$152.50	Oct 16	$1.38	$1.38	$1.12	50%	1.23	$151.38
$152.50	$155.00	Oct 2	$1.08	$1.08	$1.42	58%	0.76	$153.58
$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	$0.82	$0.82	$0.18	85%	4.56	$123.18
$120.00	$119.00	Oct 30	$0.70	$0.70	$0.30	86%	2.33	$119.30
$133.00	$132.00	Oct 30	$0.76	$0.76	$0.24	75%	3.17	$132.24
$136.00	$135.00	Oct 23	$0.72	$0.72	$0.28	73%	2.57	$135.28
$141.00	$140.00	Oct 9	$0.70	$0.70	$0.30	69%	2.33	$140.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $1.94, cheapest $3.13)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 2	$1.87	71.5%	59.6%
$144.00	Sep 25	Oct 2	$1.75	69.5%	57.9%
$150.00	Sep 25	Oct 2	$1.90	71.6%	59.9%
$146.00	Sep 25	Oct 2	$1.97	69.0%	57.7%
$147.00	Sep 25	Oct 2	$1.70	69.3%	58.3%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$3.13	71.5%	56.5%
$144.00	Sep 25	Oct 2	$1.72	69.5%	57.9%
$150.00	Sep 25	Oct 2	$1.87	71.6%	59.9%
$146.00	Sep 25	Oct 2	$1.84	69.0%	57.7%
$147.00	Sep 25	Oct 2	$1.93	69.3%	58.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 72 found (cheapest 5.23% of stock, avg 10.07%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$148.00	Sep 25	$4.25	$3.53	$7.78	$140.22	$155.78	5.23%
$147.00	Sep 25	$4.85	$3.10	$7.95	$139.05	$154.95	5.35%
$149.00	Sep 25	$3.83	$4.15	$7.98	$141.02	$156.98	5.37%
$146.00	Sep 25	$5.48	$2.66	$8.14	$137.86	$154.14	5.47%
$150.00	Sep 25	$3.43	$4.70	$8.13	$141.87	$158.13	5.47%
$145.00	Sep 25	$6.05	$2.29	$8.34	$136.66	$153.34	5.61%
$144.00	Sep 25	$6.75	$1.96	$8.71	$135.29	$152.71	5.86%
$143.00	Sep 25	$7.43	$1.64	$9.07	$133.93	$152.07	6.10%
$142.00	Sep 25	$8.15	$1.37	$9.52	$132.48	$151.52	6.40%
$155.00	Sep 25	$1.80	$8.03	$9.83	$145.17	$164.83	6.61%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.20% of stock, avg 6.43%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$157.50	$144.00	Sep 25	$1.31	$1.96	$3.27	$140.73	$160.77
$155.00	$144.00	Sep 25	$1.80	$1.96	$3.76	$140.24	$158.76
$157.50	$145.00	Sep 25	$1.31	$2.29	$3.60	$141.40	$161.10
$155.00	$145.00	Sep 25	$1.80	$2.29	$4.09	$140.91	$159.09
$152.50	$144.00	Sep 25	$2.44	$1.96	$4.40	$139.60	$156.90
$157.50	$146.00	Sep 25	$1.31	$2.66	$3.97	$142.03	$161.47
$152.50	$145.00	Sep 25	$2.44	$2.29	$4.73	$140.27	$157.23
$155.00	$146.00	Sep 25	$1.80	$2.66	$4.46	$141.54	$159.46
$152.50	$146.00	Sep 25	$2.44	$2.66	$5.10	$140.90	$157.60
$157.50	$147.00	Sep 25	$1.31	$3.10	$4.41	$142.59	$161.91

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 238 found (best R:R 0.75, avg credit $0.80)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
119/120	162/165	Oct 9	$1.07	$1.43	66%	0.75	$118.93	$163.57
123/125	168/170	Oct 23	$1.20	$1.30	61%	0.92	$123.80	$168.70
123/125	162/165	Oct 23	$1.30	$1.20	55%	1.08	$123.70	$163.80
123/125	170/172	Oct 23	$1.01	$1.49	65%	0.68	$123.99	$171.01
121/122	162/165	Oct 9	$0.93	$1.57	67%	0.59	$121.07	$163.43
131/133	168/170	Oct 23	$1.30	$1.20	52%	1.08	$131.70	$168.80
122/123	160/162	Oct 2	$0.87	$1.63	68%	0.53	$122.13	$160.87
135/136	168/170	Oct 23	$1.39	$1.11	47%	1.25	$134.61	$168.89
125/126	162/165	Oct 9	$0.97	$1.53	64%	0.63	$125.03	$163.47
131/133	162/165	Oct 23	$1.40	$1.10	46%	1.27	$131.60	$163.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 120 found (best R:R 54.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 16	$0.20	$4.80	13%	24.00
$160.00	$165.00	$170.00	Oct 30	$0.15	$4.85	11%	32.33
$155.00	$160.00	$165.00	Oct 16	$0.29	$4.71	16%	16.24
$155.00	$157.50	$160.00	Sep 25	$0.11	$2.39	12%	21.73
$152.50	$155.00	$157.50	Sep 25	$0.15	$2.35	14%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$150.00	$155.00	$160.00	Oct 16	$0.09	$4.91	17%	54.56
$145.00	$150.00	$155.00	Oct 16	$0.32	$4.68	18%	14.62
$142.00	$143.00	$144.00	Sep 25	$0.05	$0.95	7%	19.00
$145.00	$146.00	$147.00	Sep 25	$0.07	$0.93	8%	13.29
$126.00	$127.00	$128.00	Oct 9	$0.05	$0.95	2%	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. 96 found (best net $-2.05, 93 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.20	$4.80
$172.50	$175.00	1:2	Sep 25	-$0.13	$2.37
$162.50	$165.00	1:2	Sep 25	-$0.29	$2.21
$167.50	$170.00	1:2	Sep 25	-$0.24	$2.26
$165.00	$167.50	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	-$1.37	$3.63
$145.00	$135.00	1:2	Oct 30	-$1.51	$8.49
$126.00	$125.00	1:2	Sep 25	$0.00	$1.00
$120.00	$119.00	1:2	Oct 9	-$0.06	$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 4.74%, avg 2.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.05	0.44	4.2%	4.74%	8.97%	21	16
$160.00	Oct 30	$5.20	0.37	7.6%	3.50%	11.09%	10	211
$150.00	Oct 30	$8.35	0.51	0.9%	5.61%	6.48%	18	100
$155.00	Oct 23	$6.20	0.43	4.2%	4.17%	8.40%	5	84
$150.00	Oct 23	$8.20	0.50	0.9%	5.51%	6.38%	201	25
$152.50	Oct 23	$7.10	0.46	2.5%	4.77%	7.32%	16	26
$149.00	Oct 23	$8.65	0.52	0.2%	5.82%	6.01%	75	8
$165.00	Oct 30	$3.70	0.31	10.9%	2.49%	13.44%	13	24
$160.00	Oct 23	$4.70	0.35	7.6%	3.16%	10.75%	25	66
$157.50	Oct 23	$5.20	0.39	5.9%	3.50%	9.41%	2	36

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 51,303

Total Puts 15,783

Put/Call Ratio 0.31

Net Difference 35,520

Prior's Put/Call Breakdown

Total Calls 40,710

Total Puts 24,710

Put/Call Ratio 0.61

Net Difference 16,000

Prior 7-Day Put/Call Summary

Total Calls 492,499

Total Puts 267,261

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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📈 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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