SHOP - Options Database

SHOP

SHOPIFY INC A

$150.08 +8.82%

(9/22 10:10) ◀

Tuesday, September 22, 2026 (10:15am)

▶ (9/22 10:20)

◀ 9/22 10:15 ▶

Option Volume

Detail

ℹ

Current (09/22 10:15am) 75,255

Calls: 57,166 (76%)

Puts: 18,089 (24%)

Prior (08/05) 70,848

Calls: 44,030 (62%)

Puts: 26,818 (38%)

Current vs Prior +6.22%

Calls: +29.83% (Calls)

Puts: -32.55% (Puts)

Prior 7-Day Total 783,033

Calls: 507,383 (65%)

Puts: 275,650 (35%)

Prior 7-Day Average 111,861

Calls: 72,483 (65%)

Puts: 39,378 (35%)

Current vs Prior 7-Day Avg -32.73%

Calls: -21.13%

Puts: -54.06%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:15am) $44.41M

Calls: $39.22M (88%)

Puts: $5.19M (12%)

Prior (08/05) $54.14M

Calls: $37.74M (70%)

Puts: $16.40M (30%)

Current vs Prior -17.98%

Calls: +3.91%

Puts: -68.35%

Prior 7-Day Total $343.54M

Calls: $222.71M (65%)

Puts: $120.83M (35%)

Prior 7-Day Average $49.08M

Calls: $31.82M (65%)

Puts: $17.26M (35%)

Current vs Prior 7-Day Avg -9.52%

Calls: +23.26%

Puts: -69.93%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:15am) 0.32

Prior (08/05) 0.61

Current vs Prior -48.05%

Prior 7-Day Average 0.57

Current vs Prior 7-Day Avg -44.26%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:15am) 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 6.48% | 9.15%12.54% | 22.21%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +37.56% | +29.41%+77.38% | +55.27%

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

Current vs 7-Day Avg -5.78% | -7.12%-0.32% | +17.03%

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

Current vs 7-Day Eod +37.56% | +29.41%+12.89% | +2.68%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.60% | 13.76%

Calls: 2.47% | 5.04%

Puts: 16.73% | 22.49%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -48.44% | -55.68%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -35.67% | -24.05%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 88% of dollar volume in calls ($39.22M) vs puts ($5.19M). Extreme bullish P/C ratio of 0.32 - heavy call buying (57,166 calls vs 18,089 puts). P/C ratio dropping 48% - 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
10:15	BULLISH	BULLISH	BULLISH
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 43 of results (avg 7.6%, best 2.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Sep 25	4.00	4.10	$4.05	2.5%	3.0K	0.51	1.5K
$135.00	Sep 25	15.10	15.50	$15.30	2.6%	442	0.93	2.4K
$160.00	Oct 16	4.85	5.00	$4.93	3.0%	539	0.36	2.9K
$137.00	Oct 16	16.40	17.20	$16.80	4.8%	16	0.75	677
$150.00	Oct 2	5.80	6.10	$5.95	5.0%	583	0.52	975

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$170.00	Oct 16	21.90	23.35	$22.63	6.4%	--	0.78	62
$165.00	Oct 16	17.75	19.20	$18.48	7.8%	--	0.72	173
$150.00	Oct 2	5.60	6.10	$5.85	8.5%	26	0.48	26
$180.00	Oct 9	29.80	32.55	$31.17	8.8%	19	0.90	--
$172.50	Oct 23	23.85	26.25	$25.05	9.6%	--	0.79	21

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 5 found (avg $0.84, cheapest $0.74)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$162.50	Sep 25	0.75	0.90	$0.83	18.1%	1.1K	0.15	26
$175.00	Oct 2	0.63	0.76	$0.70	18.6%	8	0.09	85

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.68	0.80	$0.74	16.2%	2.1K	0.14	348
$141.00	Sep 25	0.85	1.02	$0.94	18.1%	58	0.17	8
$125.00	Oct 16	0.90	1.08	$0.99	18.2%	186	0.09	1.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 154 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$121.00	Sep 25	27.00	30.40	$28.70	11.8%	2	1.00	11
$122.00	Sep 25	26.00	29.10	$27.55	11.3%	3	1.00	3
$123.00	Sep 25	25.00	28.30	$26.65	12.4%	5	1.00	3
$125.00	Sep 25	23.90	25.40	$24.65	6.1%	11	1.00	213
$126.00	Sep 25	22.00	25.25	$23.63	13.8%	6	1.00	34

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$180.00	Oct 9	29.80	32.55	$31.17	8.8%	19	0.90	--
$160.00	Sep 25	10.50	11.90	$11.20	12.5%	--	0.80	10
$172.50	Oct 23	23.85	26.25	$25.05	9.6%	--	0.79	21
$170.00	Oct 16	21.90	23.35	$22.63	6.4%	--	0.78	62
$157.50	Sep 25	8.75	9.70	$9.23	10.3%	1	0.75	--

Most actively traded options today. High liquidity = easy entry/exit. 314 active (total vol 59.0K, top 8.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	1.12	1.19	$1.16	6.0%	8.5K	0.20	645
$152.50	Sep 25	2.86	3.05	$2.96	6.4%	6.0K	0.41	176
$155.00	Sep 25	2.06	2.23	$2.15	7.9%	5.5K	0.33	572
$150.00	Sep 25	4.00	4.10	$4.05	2.5%	3.0K	0.51	1.5K
$134.00	Sep 25	14.50	17.30	$15.90	17.6%	2.2K	0.94	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.68	0.80	$0.74	16.2%	2.1K	0.14	348
$124.00	Sep 25	0.00	0.49	$0.25	196.0%	2.0K	0.04	2.2K
$135.00	Oct 16	2.50	2.85	$2.68	13.1%	573	0.21	1.7K
$144.00	Sep 25	1.48	1.75	$1.62	16.7%	288	0.26	13
$125.00	Oct 23	1.10	1.57	$1.34	35.1%	264	0.11	141

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 25 strikes (avg 27.2%, max 46.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	77.3%	52.7%	46.7%	8.5K	856
$157.50	Sep 25	Oct 23	74.5%	54.9%	35.6%	466	114
$148.00	Sep 25	Oct 23	69.9%	52.2%	33.9%	714	161
$150.00	Sep 25	Oct 30	71.3%	53.6%	33.0%	3.1K	1.6K
$149.00	Sep 25	Oct 23	71.7%	54.1%	32.5%	810	122

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$160.00	Sep 25	Oct 30	77.3%	52.7%	46.7%	1	10
$148.00	Sep 25	Oct 23	69.9%	52.2%	33.9%	274	21
$145.00	Sep 25	Oct 30	69.5%	54.7%	27.0%	130	104
$150.00	Sep 25	Oct 23	71.3%	57.0%	25.1%	102	10
$141.00	Sep 25	Oct 16	70.7%	57.4%	23.3%	61	281

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 191 found (best R:R 7.33, avg 3.28)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$165.00	$170.00	Oct 30	$0.60	$4.40	$0.60	33%	7.33	$165.60
$129.00	$130.00	Sep 25	$0.15	$0.85	$0.15	100%	5.67	$129.15
$141.00	$145.00	Oct 16	$1.88	$2.12	$1.88	69%	1.13	$142.88
$132.00	$133.00	Oct 2	$0.32	$0.68	$0.32	90%	2.12	$132.32
$157.50	$160.00	Oct 23	$0.36	$2.14	$0.36	40%	5.94	$157.86

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$165.00	$160.00	Oct 30	$2.82	$2.18	$2.82	67%	0.77	$162.18
$145.00	$143.00	Oct 9	$0.40	$1.60	$0.40	38%	4.00	$144.60
$145.00	$141.00	Oct 16	$1.15	$2.85	$1.15	38%	2.48	$143.85
$140.00	$138.00	Oct 16	$0.37	$1.63	$0.37	29%	4.41	$139.63
$149.00	$148.00	Oct 9	$0.33	$0.67	$0.33	46%	2.03	$148.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 132 found (best R:R 4.56, avg 0.49)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$155.00	$160.00	Oct 30	$2.37	$2.37	$2.63	53%	0.90	$157.37
$170.00	$175.00	Oct 30	$1.43	$1.43	$3.57	71%	0.40	$171.43
$162.50	$165.00	Oct 9	$0.82	$0.82	$1.68	72%	0.49	$163.32
$175.00	$180.00	Oct 30	$1.04	$1.04	$3.96	78%	0.26	$176.04
$155.00	$157.50	Oct 2	$1.01	$1.01	$1.49	61%	0.68	$156.01

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
$150.00	$148.00	Oct 23	$1.42	$1.42	$0.58	52%	2.45	$148.58
$137.00	$136.00	Oct 9	$0.70	$0.70	$0.30	77%	2.33	$136.30
$141.00	$140.00	Oct 9	$0.75	$0.75	$0.25	70%	3.00	$140.25
$145.00	$135.00	Oct 30	$3.40	$3.40	$6.60	61%	0.52	$141.60

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $1.88, cheapest $3.40)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$152.50	Sep 25	Oct 2	$1.69	72.2%	57.8%
$150.00	Sep 25	Oct 2	$1.90	71.3%	58.1%
$155.00	Sep 25	Oct 2	$1.78	72.9%	60.7%
$147.00	Sep 25	Oct 2	$1.58	70.2%	58.5%
$148.00	Sep 25	Oct 2	$1.45	69.9%	58.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$3.40	71.7%	55.5%
$150.00	Sep 25	Oct 2	$1.80	71.3%	58.1%
$155.00	Sep 25	Oct 2	$2.00	72.9%	60.7%
$147.00	Sep 25	Oct 2	$1.82	70.2%	58.5%
$148.00	Sep 25	Oct 2	$1.94	69.9%	58.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 69 found (cheapest 5.32% of stock, avg 10.21%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$148.00	Sep 25	$5.00	$2.99	$7.99	$140.01	$155.99	5.32%
$150.00	Sep 25	$4.05	$4.05	$8.10	$141.90	$158.10	5.40%
$149.00	Sep 25	$4.58	$3.58	$8.16	$140.84	$157.16	5.44%
$147.00	Sep 25	$5.55	$2.63	$8.18	$138.82	$155.18	5.45%
$146.00	Sep 25	$6.23	$2.23	$8.46	$137.54	$154.46	5.64%
$145.00	Sep 25	$6.85	$1.88	$8.73	$136.27	$153.73	5.82%
$144.00	Sep 25	$7.63	$1.62	$9.25	$134.75	$153.25	6.16%
$155.00	Sep 25	$2.15	$7.30	$9.45	$145.55	$164.45	6.30%
$143.00	Sep 25	$8.55	$1.35	$9.90	$133.10	$152.90	6.60%
$142.00	Sep 25	$9.20	$1.12	$10.32	$131.68	$152.32	6.88%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.04% of stock, avg 6.39%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$162.50	$146.00	Sep 25	$0.83	$2.23	$3.06	$142.94	$165.56
$160.00	$146.00	Sep 25	$1.16	$2.23	$3.39	$142.61	$163.39
$157.50	$146.00	Sep 25	$1.57	$2.23	$3.80	$142.20	$161.30
$155.00	$146.00	Sep 25	$2.15	$2.23	$4.38	$141.62	$159.38
$162.50	$147.00	Sep 25	$0.83	$2.63	$3.46	$143.54	$165.96
$160.00	$147.00	Sep 25	$1.16	$2.63	$3.79	$143.21	$163.79
$157.50	$147.00	Sep 25	$1.57	$2.63	$4.20	$142.80	$161.70
$155.00	$147.00	Sep 25	$2.15	$2.63	$4.78	$142.22	$159.78
$162.50	$148.00	Sep 25	$0.83	$2.99	$3.82	$144.18	$166.32
$160.00	$148.00	Sep 25	$1.16	$2.99	$4.15	$143.85	$164.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 294 found (best R:R 1.55, avg credit $0.75)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
136/137	162/165	Oct 9	$1.52	$0.98	49%	1.55	$135.48	$164.02
135/136	162/165	Oct 23	$1.67	$0.83	41%	2.01	$134.33	$164.17
123/124	172/175	Sep 25	$0.36	$2.14	90%	0.17	$123.64	$172.86
131/133	162/165	Oct 23	$1.48	$1.02	45%	1.45	$131.52	$163.98
130/131	172/175	Sep 25	$0.36	$2.14	88%	0.17	$130.64	$172.86
128/129	162/165	Oct 9	$1.00	$1.50	62%	0.67	$128.00	$163.50
135/136	170/172	Oct 23	$1.27	$1.23	51%	1.03	$134.73	$171.27
127/128	172/175	Sep 25	$0.27	$2.23	90%	0.12	$127.73	$172.77
121/122	160/162	Oct 2	$0.87	$1.63	66%	0.53	$121.13	$160.87
127/128	162/165	Oct 23	$1.24	$1.26	52%	0.98	$126.76	$163.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 122 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	$0.32	$4.68	16%	14.62
$145.00	$150.00	$155.00	Oct 30	$0.32	$4.68	15%	14.63
$170.00	$175.00	$180.00	Oct 2	$0.13	$4.87	8%	37.46
$165.00	$170.00	$175.00	Oct 16	$0.23	$4.77	11%	20.74
$157.50	$160.00	$162.50	Sep 25	$0.08	$2.42	10%	30.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$150.00	$155.00	$160.00	Oct 16	$0.08	$4.92	17%	61.50
$155.00	$160.00	$165.00	Oct 16	$0.33	$4.67	16%	14.15
$127.00	$128.00	$129.00	Oct 2	$0.06	$0.94	2%	15.67
$125.00	$126.00	$127.00	Oct 30	$0.06	$0.94	2%	15.67
$144.00	$145.00	$146.00	Sep 25	$0.09	$0.91	7%	10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 97 found (best net $-0.97, 93 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.31	$4.69
$175.00	$180.00	1:2	Oct 2	-$0.18	$4.82
$172.50	$175.00	1:2	Sep 25	-$0.05	$2.45
$175.00	$180.00	1:2	Sep 25	-$0.14	$4.86
$167.50	$170.00	1:2	Sep 25	-$0.22	$2.28

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$150.00	1:2	Oct 9	-$0.97	$9.03
$162.50	$150.00	1:2	Oct 23	-$2.42	$10.08
$155.00	$150.00	1:2	Sep 25	-$0.80	$4.20
$145.00	$135.00	1:2	Oct 30	-$1.20	$8.80
$155.00	$145.00	1:2	Oct 30	-$2.85	$7.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 51 found (best yield 5.00%, avg 1.88%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$155.00	Oct 30	$7.50	0.47	3.3%	5.00%	8.28%	36	16
$170.00	Oct 30	$3.50	0.29	13.3%	2.33%	15.61%	27	10
$160.00	Oct 30	$5.25	0.39	6.6%	3.50%	10.11%	15	211
$160.00	Oct 23	$5.35	0.37	6.6%	3.56%	10.17%	27	66
$152.50	Oct 23	$7.65	0.48	1.6%	5.10%	6.71%	18	26
$165.00	Oct 30	$3.70	0.33	9.9%	2.47%	12.41%	13	24
$155.00	Oct 16	$6.35	0.44	3.3%	4.23%	7.51%	511	4.1K
$160.00	Oct 16	$4.85	0.36	6.6%	3.23%	9.84%	539	2.9K
$152.50	Oct 16	$7.25	0.48	1.6%	4.83%	6.44%	7	63
$162.50	Oct 23	$4.25	0.33	8.3%	2.83%	11.11%	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 57,166

Total Puts 18,089

Put/Call Ratio 0.32

Net Difference 39,077

Prior's Put/Call Breakdown

Total Calls 44,030

Total Puts 26,818

Put/Call Ratio 0.61

Net Difference 17,212

Prior 7-Day Put/Call Summary

Total Calls 507,383

Total Puts 275,650

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 - 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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