SHOP - Options Database

SHOP

SHOPIFY INC A

$148.99 +8.02%

(9/22 10:05) ◀

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

▶ (9/22 10:15)

◀ 9/22 10:10 ▶

Option Volume

Detail

ℹ

Current (09/22 10:10am) 72,858

Calls: 55,108 (76%)

Puts: 17,750 (24%)

Prior (08/05) 68,706

Calls: 42,718 (62%)

Puts: 25,988 (38%)

Current vs Prior +6.04%

Calls: +29.00% (Calls)

Puts: -31.70% (Puts)

Prior 7-Day Total 773,983

Calls: 501,197 (65%)

Puts: 272,786 (35%)

Prior 7-Day Average 110,569

Calls: 71,599 (65%)

Puts: 38,969 (35%)

Current vs Prior 7-Day Avg -34.11%

Calls: -23.03%

Puts: -54.45%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:10am) $41.26M

Calls: $36.18M (88%)

Puts: $5.09M (12%)

Prior (08/05) $52.47M

Calls: $36.69M (70%)

Puts: $15.78M (30%)

Current vs Prior -21.36%

Calls: -1.40%

Puts: -67.77%

Prior 7-Day Total $335.35M

Calls: $216.69M (65%)

Puts: $118.66M (35%)

Prior 7-Day Average $47.91M

Calls: $30.96M (65%)

Puts: $16.95M (35%)

Current vs Prior 7-Day Avg -13.87%

Calls: +16.87%

Puts: -70.00%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:10am) 0.32

Prior (08/05) 0.61

Current vs Prior -47.06%

Prior 7-Day Average 0.57

Current vs Prior 7-Day Avg -43.00%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:10am) 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 5.68% | 8.28%13.30% | 22.07%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +20.63% | +17.06%+88.08% | +54.30%

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

Current vs 7-Day Avg -17.38% | -15.98%+5.69% | +16.30%

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

Current vs 7-Day Eod +20.63% | +17.06%+19.70% | +2.03%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.63% | 25.59%

Calls: 8.89% | 24.81%

Puts: 16.37% | 26.36%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -32.17% | -17.58%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -15.37% | +41.26%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($36.18M) vs puts ($5.09M). Extreme bullish P/C ratio of 0.32 - heavy call buying (55,108 calls vs 17,750 puts). P/C ratio dropping 47% - 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
10:10	BULLISH	BULLISH	BULLISH
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 51 of results (avg 8.0%, best 2.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Oct 16	13.35	14.00	$13.68	4.8%	595	0.69	2.2K
$120.00	Oct 23	29.40	30.95	$30.17	5.1%	--	0.91	202
$150.00	Oct 16	8.05	8.50	$8.28	5.4%	1.9K	0.51	8.7K
$125.00	Oct 23	24.95	26.50	$25.73	6.0%	2	0.88	40
$125.00	Sep 25	23.80	25.40	$24.60	6.5%	11	1.00	213

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$170.00	Oct 16	22.75	23.35	$23.05	2.6%	--	0.79	62
$160.00	Oct 16	14.85	15.40	$15.13	3.6%	--	0.66	427
$167.50	Oct 23	20.90	22.15	$21.53	5.8%	--	0.74	84
$155.00	Sep 25	7.65	8.15	$7.90	6.3%	21	0.70	--
$148.00	Sep 25	3.25	3.50	$3.38	7.4%	200	0.46	21

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.69, cheapest $0.50)

CALLS (0)

No calls meet the criteria

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$137.00	Sep 25	0.45	0.54	$0.50	18.0%	84	0.10	68
$140.00	Sep 25	0.79	0.94	$0.87	17.2%	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	27.95	30.90	$29.42	10.0%	--	1.00	205
$121.00	Sep 25	26.85	30.10	$28.48	11.4%	2	1.00	11
$122.00	Sep 25	25.95	28.90	$27.42	10.8%	3	1.00	3
$123.00	Sep 25	24.95	28.25	$26.60	12.4%	5	1.00	3
$124.00	Sep 25	24.55	26.70	$25.63	8.4%	4	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.45	12.50	$11.98	8.8%	--	0.82	10
$172.50	Oct 23	24.10	26.95	$25.53	11.2%	--	0.79	21
$170.00	Oct 16	22.75	23.35	$23.05	2.6%	--	0.79	62
$157.50	Sep 25	9.45	10.20	$9.82	7.6%	1	0.77	--
$167.50	Oct 23	20.90	22.15	$21.53	5.8%	--	0.74	84

Most actively traded options today. High liquidity = easy entry/exit. 308 active (total vol 57.8K, top 8.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.95	1.05	$1.00	10.0%	8.1K	0.17	645
$152.50	Sep 25	2.48	2.74	$2.61	10.0%	6.0K	0.38	176
$155.00	Sep 25	1.76	1.98	$1.87	11.8%	5.4K	0.29	572
$150.00	Sep 25	3.35	3.60	$3.48	7.2%	2.8K	0.47	1.5K
$134.00	Sep 25	14.70	16.45	$15.58	11.2%	2.2K	0.95	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.79	0.94	$0.87	17.2%	2.1K	0.17	348
$124.00	Sep 25	0.00	0.41	$0.21	195.2%	2.0K	0.03	2.2K
$135.00	Oct 16	2.51	3.00	$2.76	17.8%	571	0.22	1.7K
$120.00	Oct 16	0.55	0.69	$0.62	22.6%	456	0.06	6.1K
$144.00	Sep 25	1.69	1.95	$1.82	14.3%	288	0.29	13

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 27 strikes (avg 26.3%, max 45.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	78.9%	54.2%	45.6%	8.1K	856
$157.50	Sep 25	Oct 23	77.0%	56.2%	36.9%	448	114
$149.00	Sep 25	Oct 23	71.1%	53.4%	33.1%	783	122
$148.00	Sep 25	Oct 23	67.9%	51.5%	31.8%	690	161
$150.00	Sep 25	Oct 30	71.3%	54.8%	30.1%	2.9K	1.6K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	78.3%	54.2%	44.6%	1	10
$148.00	Sep 25	Oct 23	67.0%	51.5%	29.9%	241	21
$145.00	Sep 25	Oct 30	67.9%	52.8%	28.6%	128	104
$150.00	Sep 25	Oct 23	71.3%	57.1%	24.9%	102	10
$140.00	Sep 25	Oct 23	68.3%	55.1%	23.8%	2.1K	395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 192 found (best R:R 2.38, avg 3.00)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$150.00	$155.00	Oct 30	$1.48	$3.52	$1.48	52%	2.38	$151.48
$165.00	$170.00	Oct 30	$0.57	$4.43	$0.57	32%	7.77	$165.57
$130.00	$131.00	Sep 25	$0.27	$0.73	$0.27	100%	2.70	$130.27
$160.00	$165.00	Oct 30	$1.00	$4.00	$1.00	37%	4.00	$161.00
$125.00	$126.00	Oct 23	$0.23	$0.77	$0.23	88%	3.35	$125.23

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$145.00	$143.00	Oct 9	$0.25	$1.75	$0.25	39%	7.00	$144.75
$165.00	$160.00	Oct 30	$3.12	$1.88	$3.12	68%	0.60	$161.88
$140.00	$138.00	Oct 16	$0.42	$1.58	$0.42	30%	3.76	$139.58
$142.00	$141.00	Oct 9	$0.20	$0.80	$0.20	33%	4.00	$141.80
$146.00	$145.00	Oct 2	$0.27	$0.73	$0.27	40%	2.70	$145.73

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
$155.00	$160.00	Oct 30	$2.42	$2.42	$2.58	55%	0.94	$157.42
$170.00	$175.00	Oct 30	$1.48	$1.48	$3.52	72%	0.42	$171.48
$162.50	$165.00	Oct 9	$0.82	$0.82	$1.68	73%	0.49	$163.32
$150.00	$152.50	Oct 16	$1.38	$1.38	$1.12	49%	1.23	$151.38
$152.50	$155.00	Oct 23	$1.18	$1.18	$1.32	53%	0.89	$153.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$136.00	$135.00	Oct 23	$0.82	$0.82	$0.18	74%	4.56	$135.18
$124.00	$123.00	Oct 30	$0.67	$0.67	$0.33	86%	2.03	$123.33
$141.00	$140.00	Oct 9	$0.80	$0.80	$0.20	69%	4.00	$140.20
$148.00	$145.00	Oct 9	$1.70	$1.70	$1.30	54%	1.31	$146.30
$132.00	$130.00	Oct 30	$0.81	$0.81	$1.19	79%	0.68	$131.19

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $2.05, cheapest $3.21)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 2	$2.12	71.1%	58.5%
$152.50	Sep 25	Oct 2	$1.94	73.4%	61.5%
$146.00	Sep 25	Oct 2	$1.77	68.1%	56.3%
$147.00	Sep 25	Oct 2	$2.18	69.8%	58.1%
$150.00	Sep 25	Oct 2	$2.09	71.3%	61.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$3.21	72.2%	54.7%
$146.00	Sep 25	Oct 2	$1.66	68.1%	56.3%
$147.00	Sep 25	Oct 2	$1.83	68.9%	58.1%
$150.00	Sep 25	Oct 2	$2.00	71.3%	61.2%
$145.00	Sep 25	Oct 2	$1.78	67.9%	57.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 71 found (cheapest 5.29% of stock, avg 10.16%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$148.00	Sep 25	$4.50	$3.38	$7.88	$140.12	$155.88	5.29%
$149.00	Sep 25	$3.93	$3.97	$7.90	$141.10	$156.90	5.30%
$147.00	Sep 25	$5.00	$3.02	$8.02	$138.98	$155.02	5.38%
$150.00	Sep 25	$3.48	$4.53	$8.01	$141.99	$158.01	5.38%
$146.00	Sep 25	$5.68	$2.56	$8.24	$137.76	$154.24	5.53%
$145.00	Sep 25	$6.30	$2.17	$8.47	$136.53	$153.47	5.68%
$144.00	Sep 25	$7.03	$1.82	$8.85	$135.15	$152.85	5.94%
$143.00	Sep 25	$7.63	$1.55	$9.18	$133.82	$152.18	6.16%
$142.00	Sep 25	$8.40	$1.25	$9.65	$132.35	$151.65	6.48%
$155.00	Sep 25	$1.87	$7.90	$9.77	$145.23	$164.77	6.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.13% of stock, avg 6.44%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$160.00	$145.00	Sep 25	$1.00	$2.17	$3.17	$141.83	$163.17
$157.50	$145.00	Sep 25	$1.40	$2.17	$3.57	$141.43	$161.07
$155.00	$145.00	Sep 25	$1.87	$2.17	$4.04	$140.96	$159.04
$160.00	$146.00	Sep 25	$1.00	$2.56	$3.56	$142.44	$163.56
$157.50	$146.00	Sep 25	$1.40	$2.56	$3.96	$142.04	$161.46
$155.00	$146.00	Sep 25	$1.87	$2.56	$4.43	$141.57	$159.43
$152.50	$145.00	Sep 25	$2.61	$2.17	$4.78	$140.22	$157.28
$152.50	$146.00	Sep 25	$2.61	$2.56	$5.17	$140.83	$157.67
$160.00	$147.00	Sep 25	$1.00	$3.02	$4.02	$142.98	$164.02
$157.50	$147.00	Sep 25	$1.40	$3.02	$4.42	$142.58	$161.92

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 246 found (best R:R 1.84, avg credit $0.78)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
135/136	162/165	Oct 23	$1.62	$0.88	41%	1.84	$134.38	$164.12
136/137	162/165	Oct 9	$1.40	$1.10	49%	1.27	$135.60	$163.90
122/123	162/165	Oct 9	$0.93	$1.57	67%	0.59	$122.07	$163.43
127/128	162/165	Oct 23	$1.27	$1.23	52%	1.03	$126.73	$163.77
131/133	162/165	Oct 23	$1.43	$1.07	45%	1.34	$131.57	$163.93
127/128	162/165	Oct 9	$0.98	$1.52	63%	0.64	$127.02	$163.48
135/136	168/170	Oct 23	$1.35	$1.15	48%	1.17	$134.65	$168.85
123/124	170/175	Oct 30	$2.15	$2.85	58%	0.75	$121.85	$172.15
129/130	162/165	Oct 9	$1.00	$1.50	60%	0.67	$129.00	$163.50
123/124	168/170	Sep 25	$0.28	$2.22	88%	0.13	$123.72	$167.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 129 found (best R:R 61.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$160.00	$165.00	Oct 16	$0.22	$4.78	15%	21.73
$150.00	$152.50	$155.00	Sep 25	$0.13	$2.37	18%	18.23
$155.00	$157.50	$160.00	Sep 25	$0.07	$2.43	12%	34.71
$152.50	$155.00	$157.50	Oct 2	$0.11	$2.39	12%	21.73
$155.00	$157.50	$160.00	Oct 9	$0.08	$2.42	9%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 16	$0.08	$4.92	13%	61.50
$150.00	$155.00	$160.00	Oct 16	$0.21	$4.79	17%	22.81
$145.00	$150.00	$155.00	Oct 16	$0.27	$4.73	18%	17.52
$145.00	$146.00	$147.00	Sep 25	$0.07	$0.93	8%	13.29
$135.00	$136.00	$137.00	Sep 25	$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. 91 found (best net $-2.10, 89 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.24	$4.76
$172.50	$175.00	1:2	Sep 25	-$0.10	$2.40
$167.50	$170.00	1:2	Sep 25	-$0.23	$2.27
$160.00	$162.50	1:2	Sep 25	-$0.46	$2.04
$162.50	$165.00	1:2	Sep 25	-$0.39	$2.11

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	$145.00	1:2	Oct 30	-$2.75	$7.25
$155.00	$150.00	1:2	Sep 25	-$1.16	$3.84
$145.00	$135.00	1:2	Oct 30	-$1.36	$8.64
$126.00	$125.00	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. 57 found (best yield 4.90%, avg 2.39%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.30	0.45	4.0%	4.90%	8.93%	35	16
$150.00	Oct 30	$9.30	0.52	0.7%	6.24%	6.92%	46	100
$170.00	Oct 30	$3.50	0.28	14.1%	2.35%	16.45%	27	10
$150.00	Oct 23	$8.85	0.51	0.7%	5.94%	6.62%	202	25
$152.50	Oct 23	$7.65	0.47	2.4%	5.13%	7.49%	18	26
$160.00	Oct 30	$5.20	0.37	7.4%	3.49%	10.88%	14	211
$160.00	Oct 23	$5.25	0.36	7.4%	3.52%	10.91%	26	66
$165.00	Oct 30	$3.70	0.32	10.8%	2.48%	13.23%	13	24
$155.00	Oct 23	$6.20	0.43	4.0%	4.16%	8.20%	5	84
$149.00	Oct 23	$8.70	0.52	0.0%	5.84%	5.85%	75	8

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 55,108

Total Puts 17,750

Put/Call Ratio 0.32

Net Difference 37,358

Prior's Put/Call Breakdown

Total Calls 42,718

Total Puts 25,988

Put/Call Ratio 0.61

Net Difference 16,730

Prior 7-Day Put/Call Summary

Total Calls 501,197

Total Puts 272,786

Average Put/Call Ratio 0.57

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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