SHOP - Options Database

SHOP

SHOPIFY INC A

$148.60 +7.74%

(9/22 10:15) ◀

Tuesday, September 22, 2026 (10:20am)

▶ (9/22 10:25)

◀ 9/22 10:20 ▶

Option Volume

Detail

ℹ

Current (09/22 10:20am) 76,886

Calls: 58,369 (76%)

Puts: 18,517 (24%)

Prior (08/05) 73,688

Calls: 45,544 (62%)

Puts: 28,144 (38%)

Current vs Prior +4.34%

Calls: +28.16% (Calls)

Puts: -34.21% (Puts)

Prior 7-Day Total 791,202

Calls: 513,246 (65%)

Puts: 277,956 (35%)

Prior 7-Day Average 113,028

Calls: 73,320 (65%)

Puts: 39,708 (35%)

Current vs Prior 7-Day Avg -31.98%

Calls: -20.39%

Puts: -53.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:20am) $42.70M

Calls: $37.24M (87%)

Puts: $5.47M (13%)

Prior (08/05) $54.67M

Calls: $36.90M (67%)

Puts: $17.77M (33%)

Current vs Prior -21.89%

Calls: +0.91%

Puts: -69.24%

Prior 7-Day Total $351.78M

Calls: $229.59M (65%)

Puts: $122.19M (35%)

Prior 7-Day Average $50.25M

Calls: $32.80M (65%)

Puts: $17.46M (35%)

Current vs Prior 7-Day Avg -15.03%

Calls: +13.53%

Puts: -68.69%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:20am) 0.32

Prior (08/05) 0.62

Current vs Prior -48.66%

Prior 7-Day Average 0.57

Current vs Prior 7-Day Avg -44.24%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:20am) 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% | 8.22%12.99% | 22.19%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +19.94% | +16.23%+83.72% | +55.12%

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

Current vs 7-Day Avg -17.85% | -16.58%+3.24% | +16.92%

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

Current vs 7-Day Eod +19.94% | +16.23%+16.92% | +2.58%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.39% | 23.84%

Calls: 11.49% | 21.33%

Puts: 17.28% | 26.36%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -22.72% | -23.22%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -3.58% | +31.60%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($37.24M) vs puts ($5.47M). Extreme bullish P/C ratio of 0.32 - heavy call buying (58,369 calls vs 18,517 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
10:20	BULLISH	BULLISH	BULLISH
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 30 of results (avg 8.0%, best 3.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Sep 25	3.20	3.30	$3.25	3.1%	3.2K	0.47	1.5K
$155.00	Oct 16	5.75	6.10	$5.93	5.9%	535	0.42	4.1K
$155.00	Sep 25	1.62	1.72	$1.67	6.0%	5.5K	0.29	572
$149.00	Sep 25	3.65	3.90	$3.78	6.6%	748	0.51	114
$160.00	Oct 16	4.20	4.50	$4.35	6.9%	558	0.33	2.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Oct 16	14.65	15.55	$15.10	6.0%	--	0.67	427
$145.00	Sep 25	2.14	2.30	$2.22	7.2%	139	0.33	103
$150.00	Oct 16	8.45	9.15	$8.80	8.0%	152	0.49	784
$146.00	Sep 25	2.52	2.74	$2.63	8.4%	43	0.37	5
$157.50	Sep 25	9.65	10.50	$10.07	8.4%	1	0.78	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.84, cheapest $0.75)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.82	0.93	$0.88	12.5%	8.8K	0.16	645

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$139.00	Sep 25	0.67	0.82	$0.75	20.0%	172	0.14	66
$140.00	Sep 25	0.82	0.97	$0.90	16.7%	2.1K	0.17	348

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 159 found (avg delta 0.76, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Sep 25	27.70	29.80	$28.75	7.3%	--	1.00	205
$122.00	Sep 25	26.00	28.85	$27.43	10.4%	3	0.99	3
$121.00	Sep 25	26.80	29.80	$28.30	10.6%	2	0.99	11
$123.00	Sep 25	25.00	27.85	$26.43	10.8%	5	0.99	3
$125.00	Sep 25	22.55	24.50	$23.53	8.3%	12	0.99	213

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.60	12.70	$12.15	9.1%	--	0.83	10
$172.50	Oct 23	23.85	26.65	$25.25	11.1%	--	0.79	21
$170.00	Oct 16	21.90	23.85	$22.88	8.5%	--	0.79	62
$157.50	Sep 25	9.65	10.50	$10.07	8.4%	1	0.78	--
$160.00	Oct 2	12.05	14.00	$13.03	15.0%	1	0.74	10

Most actively traded options today. High liquidity = easy entry/exit. 321 active (total vol 60.7K, top 8.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.82	0.93	$0.88	12.5%	8.8K	0.16	645
$152.50	Sep 25	2.30	2.50	$2.40	8.3%	6.1K	0.37	176
$155.00	Sep 25	1.62	1.72	$1.67	6.0%	5.5K	0.29	572
$150.00	Sep 25	3.20	3.30	$3.25	3.1%	3.2K	0.47	1.5K
$134.00	Sep 25	14.25	17.10	$15.68	18.2%	2.2K	0.95	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.82	0.97	$0.90	16.7%	2.1K	0.17	348
$124.00	Sep 25	0.01	0.61	$0.31	193.5%	2.0K	0.04	2.2K
$135.00	Oct 16	2.50	3.00	$2.75	18.2%	573	0.22	1.7K
$120.00	Oct 16	0.51	0.70	$0.61	31.1%	489	0.06	6.1K
$148.00	Sep 25	3.25	3.80	$3.53	15.6%	334	0.45	21

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 26.4%, max 35.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$148.00	Sep 25	Oct 23	70.3%	51.8%	35.7%	734	161
$160.00	Sep 25	Oct 30	75.8%	56.6%	34.0%	8.9K	856
$157.50	Sep 25	Oct 23	74.1%	55.4%	33.8%	475	114
$144.00	Sep 25	Oct 30	69.5%	52.1%	33.5%	141	1.0K
$143.00	Sep 25	Oct 30	69.8%	52.4%	33.2%	622	1.6K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$148.00	Sep 25	Oct 23	70.3%	51.8%	35.7%	375	21
$160.00	Sep 25	Oct 30	75.8%	56.6%	34.0%	1	10
$145.00	Sep 25	Oct 30	68.9%	51.9%	32.7%	144	104
$141.00	Sep 25	Oct 16	69.6%	55.1%	26.2%	62	281
$140.00	Sep 25	Oct 23	69.5%	55.3%	25.8%	2.1K	395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 189 found (best R:R 3.00, avg 3.20)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$125.00	$126.00	Sep 25	$0.25	$0.75	$0.25	99%	3.00	$125.25
$135.00	$136.00	Oct 9	$0.18	$0.82	$0.18	82%	4.56	$135.18
$160.00	$165.00	Oct 30	$1.10	$3.90	$1.10	38%	3.55	$161.10
$135.00	$137.00	Oct 30	$0.90	$1.10	$0.90	76%	1.22	$135.90
$120.00	$121.00	Sep 25	$0.45	$0.55	$0.45	100%	1.22	$120.45

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	38%	7.00	$144.75
$135.00	$133.00	Oct 23	$0.20	$1.80	$0.20	24%	9.00	$134.80
$140.00	$138.00	Oct 16	$0.37	$1.63	$0.37	30%	4.41	$139.63
$148.00	$147.00	Oct 2	$0.27	$0.73	$0.27	46%	2.70	$147.73
$146.00	$145.00	Oct 2	$0.25	$0.75	$0.25	40%	3.00	$145.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 137 found (best R:R 10.11, avg 0.58)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$149.00	$150.00	Oct 9	$0.75	$0.75	$0.25	46%	3.00	$149.75
$162.50	$165.00	Oct 9	$0.82	$0.82	$1.68	72%	0.49	$163.32
$149.00	$150.00	Oct 23	$0.70	$0.70	$0.30	47%	2.33	$149.70
$152.50	$155.00	Oct 16	$1.27	$1.27	$1.23	53%	1.03	$153.77
$165.00	$170.00	Oct 30	$1.52	$1.52	$3.48	67%	0.44	$166.52

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$137.00	$135.00	Oct 30	$1.82	$1.82	$0.18	71%	10.11	$135.18
$133.00	$132.00	Oct 30	$0.71	$0.71	$0.29	76%	2.45	$132.29
$137.00	$136.00	Oct 9	$0.70	$0.70	$0.30	77%	2.33	$136.30
$120.00	$119.00	Oct 30	$0.60	$0.60	$0.40	87%	1.50	$119.40
$120.00	$119.00	Oct 2	$0.52	$0.52	$0.48	93%	1.08	$119.48

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $2.03, cheapest $2.93)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$148.00	Sep 25	Oct 2	$1.98	70.3%	55.9%
$146.00	Sep 25	Oct 2	$2.10	68.9%	55.5%
$149.00	Sep 25	Oct 2	$2.07	71.7%	59.8%
$145.00	Sep 25	Oct 2	$2.38	68.9%	57.3%
$147.00	Sep 25	Oct 2	$2.25	69.0%	58.0%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$149.00	Sep 25	Oct 9	$2.93	71.7%	55.7%
$148.00	Sep 25	Oct 2	$1.62	70.3%	55.9%
$146.00	Sep 25	Oct 2	$1.55	68.9%	55.5%
$145.00	Sep 25	Oct 2	$1.71	68.9%	57.3%
$147.00	Sep 25	Oct 2	$1.81	69.0%	58.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 78 found (cheapest 5.27% of stock, avg 10.38%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$149.00	Sep 25	$3.78	$4.05	$7.83	$141.17	$156.83	5.27%
$148.00	Sep 25	$4.35	$3.53	$7.88	$140.12	$155.88	5.30%
$150.00	Sep 25	$3.25	$4.63	$7.88	$142.12	$157.88	5.30%
$147.00	Sep 25	$4.88	$3.07	$7.95	$139.05	$154.95	5.35%
$146.00	Sep 25	$5.48	$2.63	$8.11	$137.89	$154.11	5.46%
$145.00	Sep 25	$6.05	$2.22	$8.27	$136.73	$153.27	5.57%
$144.00	Sep 25	$6.82	$1.90	$8.72	$135.28	$152.72	5.87%
$143.00	Sep 25	$7.50	$1.60	$9.10	$133.90	$152.10	6.12%
$142.00	Sep 25	$8.15	$1.32	$9.47	$132.53	$151.47	6.37%
$155.00	Sep 25	$1.67	$8.05	$9.72	$145.28	$164.72	6.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.09% of stock, avg 6.49%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$160.00	$145.00	Sep 25	$0.88	$2.22	$3.10	$141.90	$163.10
$157.50	$145.00	Sep 25	$1.23	$2.22	$3.45	$141.55	$160.95
$155.00	$145.00	Sep 25	$1.67	$2.22	$3.89	$141.11	$158.89
$160.00	$146.00	Sep 25	$0.88	$2.63	$3.51	$142.49	$163.51
$157.50	$146.00	Sep 25	$1.23	$2.63	$3.86	$142.14	$161.36
$155.00	$146.00	Sep 25	$1.67	$2.63	$4.30	$141.70	$159.30
$152.50	$145.00	Sep 25	$2.40	$2.22	$4.62	$140.38	$157.12
$152.50	$146.00	Sep 25	$2.40	$2.63	$5.03	$140.97	$157.53
$160.00	$147.00	Sep 25	$0.88	$3.07	$3.95	$143.05	$163.95
$157.50	$147.00	Sep 25	$1.23	$3.07	$4.30	$142.70	$161.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 250 found (best R:R 0.64, avg credit $0.78)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
119/120	162/165	Oct 2	$0.98	$1.52	72%	0.64	$119.02	$163.48
135/137	165/170	Oct 30	$3.34	$1.66	38%	2.01	$133.66	$168.34
136/137	162/165	Oct 9	$1.52	$0.98	49%	1.55	$135.48	$164.02
119/120	165/168	Oct 2	$0.82	$1.68	76%	0.49	$119.18	$165.82
119/120	158/160	Oct 2	$1.14	$1.36	62%	0.84	$118.86	$158.64
121/122	162/165	Oct 2	$0.89	$1.61	72%	0.55	$121.11	$163.39
121/122	162/165	Oct 9	$0.96	$1.54	67%	0.62	$121.04	$163.46
123/124	162/165	Oct 9	$0.99	$1.51	66%	0.66	$123.01	$163.49
121/122	165/168	Oct 2	$0.73	$1.77	76%	0.41	$121.27	$165.73
121/122	158/160	Oct 2	$1.05	$1.45	62%	0.72	$120.95	$158.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 121 found (best R:R 32.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$150.00	$152.50	$155.00	Sep 25	$0.12	$2.38	18%	19.83
$145.00	$150.00	$155.00	Oct 30	$0.30	$4.70	14%	15.67
$155.00	$157.50	$160.00	Sep 25	$0.09	$2.41	12%	26.78
$155.00	$157.50	$160.00	Oct 9	$0.06	$2.44	10%	40.67
$152.50	$155.00	$157.50	Oct 2	$0.10	$2.40	12%	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$155.00	$160.00	$165.00	Oct 16	$0.15	$4.85	16%	32.33
$145.00	$150.00	$155.00	Oct 16	$0.25	$4.75	18%	19.00
$155.00	$157.50	$160.00	Sep 25	$0.06	$2.44	12%	40.67
$147.00	$148.00	$149.00	Sep 25	$0.06	$0.94	8%	15.67
$148.00	$149.00	$150.00	Sep 25	$0.06	$0.94	8%	15.67

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 $-0.97, 88 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.12	$4.88
$170.00	$172.50	1:2	Sep 25	-$0.11	$2.39
$172.50	$175.00	1:2	Sep 25	-$0.15	$2.35
$162.50	$165.00	1:2	Sep 25	-$0.32	$2.18
$167.50	$170.00	1:2	Sep 25	-$0.23	$2.27

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	$145.00	1:2	Oct 30	-$2.58	$7.42
$155.00	$150.00	1:2	Sep 25	-$1.21	$3.79
$131.00	$130.00	1:2	Sep 25	-$0.07	$0.93

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 6.36%, avg 2.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$150.00	Oct 30	$9.45	0.52	0.9%	6.36%	7.30%	48	100
$155.00	Oct 30	$7.30	0.45	4.3%	4.91%	9.22%	39	16
$160.00	Oct 30	$5.60	0.38	7.7%	3.77%	11.44%	15	211
$165.00	Oct 30	$4.20	0.33	11.0%	2.83%	13.86%	13	24
$152.50	Oct 23	$7.45	0.47	2.6%	5.01%	7.64%	18	26
$149.00	Oct 23	$9.00	0.53	0.3%	6.06%	6.33%	76	8
$150.00	Oct 23	$8.40	0.52	0.9%	5.65%	6.59%	206	25
$170.00	Oct 30	$3.50	0.26	14.4%	2.36%	16.76%	27	10
$155.00	Oct 23	$6.20	0.43	4.3%	4.17%	8.48%	5	84
$157.50	Oct 23	$5.20	0.40	6.0%	3.50%	9.49%	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 58,369

Total Puts 18,517

Put/Call Ratio 0.32

Net Difference 39,852

Prior's Put/Call Breakdown

Total Calls 45,544

Total Puts 28,144

Put/Call Ratio 0.62

Net Difference 17,400

Prior 7-Day Put/Call Summary

Total Calls 513,246

Total Puts 277,956

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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