SHOP - Options Database

SHOP

SHOPIFY INC A

$148.60 +7.74%

(9/22 10:20) ◀

Tuesday, September 22, 2026 (10:25am)

▶ (9/22 10:30)

◀ 9/22 10:25 ▶

Option Volume

Detail

ℹ

Current (09/22 10:25am) 78,631

Calls: 59,816 (76%)

Puts: 18,815 (24%)

Prior (08/05) 75,757

Calls: 46,706 (62%)

Puts: 29,051 (38%)

Current vs Prior +3.79%

Calls: +28.07% (Calls)

Puts: -35.23% (Puts)

Prior 7-Day Total 795,230

Calls: 516,507 (65%)

Puts: 278,723 (35%)

Prior 7-Day Average 113,604

Calls: 73,786 (65%)

Puts: 39,817 (35%)

Current vs Prior 7-Day Avg -30.79%

Calls: -18.93%

Puts: -52.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:25am) $43.11M

Calls: $37.59M (87%)

Puts: $5.52M (13%)

Prior (08/05) $57.56M

Calls: $39.42M (68%)

Puts: $18.14M (32%)

Current vs Prior -25.11%

Calls: -4.65%

Puts: -69.56%

Prior 7-Day Total $353.22M

Calls: $230.65M (65%)

Puts: $122.58M (35%)

Prior 7-Day Average $50.46M

Calls: $32.95M (65%)

Puts: $17.51M (35%)

Current vs Prior 7-Day Avg -14.57%

Calls: +14.08%

Puts: -68.47%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:25am) 0.31

Prior (08/05) 0.62

Current vs Prior -49.43%

Prior 7-Day Average 0.57

Current vs Prior 7-Day Avg -44.65%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 10:25am) 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 5.50% | 8.25%12.81% | 21.94%

Prior 4.71% | 7.07%7.07% | 14.30%

Current vs Prior +16.80% | +16.71%+81.15% | +53.38%

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

Current vs 7-Day Avg -20.00% | -16.24%+1.79% | +15.61%

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

Current vs 7-Day Eod +16.80% | +16.71%+15.29% | +1.43%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.13% | 22.98%

Calls: 10.77% | 19.59%

Puts: 17.50% | 26.36%

Prior 18.62% | 31.05%

Calls: 17.73% | 47.19%

Puts: 19.52% | 14.91%

Current vs Prior -24.11% | -25.99%

Prior 7-Day Avg 14.92% | 18.12%

Calls: 13.36% | 24.31%

Puts: 16.49% | 11.92%

Current vs 7-Day Avg -5.32% | +26.85%

Liquidity Expensive

Add Card

🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($37.59M) vs puts ($5.52M). Extreme bullish P/C ratio of 0.31 - heavy call buying (59,816 calls vs 18,815 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
10:25	BULLISH	BULLISH	BULLISH
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 7.8%, best 2.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Sep 25	28.45	29.15	$28.80	2.4%	--	1.00	205
$155.00	Oct 16	5.70	5.90	$5.80	3.4%	539	0.42	4.1K
$130.00	Sep 25	18.30	19.00	$18.65	3.8%	1.1K	0.97	1.8K
$145.00	Oct 16	10.15	10.55	$10.35	3.9%	2.0K	0.60	13.4K
$160.00	Sep 25	0.79	0.83	$0.81	4.9%	9.1K	0.15	645

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$144.00	Sep 25	1.87	2.01	$1.94	7.2%	288	0.30	13
$160.00	Sep 25	11.75	12.65	$12.20	7.4%	--	0.85	10
$170.00	Oct 16	21.90	23.85	$22.88	8.5%	--	0.80	62
$167.50	Oct 23	20.55	22.50	$21.53	9.1%	--	0.74	84
$157.50	Sep 25	9.55	10.50	$10.03	9.5%	1	0.79	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.57, cheapest $0.27)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$170.00	Sep 25	0.25	0.29	$0.27	14.8%	307	0.05	193
$160.00	Sep 25	0.79	0.83	$0.81	4.9%	9.1K	0.15	645

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$120.00	Oct 16	0.58	0.65	$0.62	11.3%	496	0.06	6.1K

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	28.45	29.15	$28.80	2.4%	--	1.00	205
$121.00	Sep 25	26.95	29.75	$28.35	9.9%	2	1.00	11
$122.00	Sep 25	26.00	28.75	$27.38	10.0%	4	1.00	3
$123.00	Sep 25	25.00	27.75	$26.38	10.4%	6	1.00	3
$125.00	Sep 25	22.85	25.50	$24.18	11.0%	13	1.00	213

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	11.75	12.65	$12.20	7.4%	--	0.85	10
$170.00	Oct 16	21.90	23.85	$22.88	8.5%	--	0.80	62
$172.50	Oct 23	23.90	26.65	$25.28	10.9%	--	0.79	21
$157.50	Sep 25	9.55	10.50	$10.03	9.5%	1	0.79	--
$160.00	Oct 2	12.05	14.00	$13.03	15.0%	1	0.75	10

Most actively traded options today. High liquidity = easy entry/exit. 322 active (total vol 62.0K, top 9.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$160.00	Sep 25	0.79	0.83	$0.81	4.9%	9.1K	0.15	645
$152.50	Sep 25	2.23	2.44	$2.34	9.0%	6.2K	0.36	176
$155.00	Sep 25	1.55	1.71	$1.63	9.8%	5.6K	0.28	572
$150.00	Sep 25	3.15	3.45	$3.30	9.1%	3.4K	0.46	1.5K
$134.00	Sep 25	13.65	17.00	$15.33	21.9%	2.3K	0.95	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$140.00	Sep 25	0.80	0.99	$0.90	21.1%	2.1K	0.17	348
$124.00	Sep 25	0.00	0.61	$0.31	196.8%	2.0K	0.04	2.2K
$135.00	Oct 16	2.53	3.00	$2.76	17.0%	584	0.22	1.7K
$120.00	Oct 16	0.58	0.65	$0.62	11.3%	496	0.06	6.1K
$148.00	Sep 25	3.20	3.85	$3.53	18.4%	337	0.46	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 25.9%, max 36.8%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$145.00	Sep 25	Oct 30	69.6%	50.9%	36.8%	967	1.1K
$157.50	Sep 25	Oct 23	73.4%	54.4%	34.9%	477	114
$144.00	Sep 25	Oct 30	69.4%	51.6%	34.3%	141	1.0K
$143.00	Sep 25	Oct 30	69.4%	52.3%	32.5%	622	1.6K
$160.00	Sep 25	Oct 30	74.5%	57.6%	29.3%	9.1K	856

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$145.00	Sep 25	Oct 30	69.6%	50.9%	36.8%	179	104
$148.00	Sep 25	Oct 23	69.1%	51.9%	33.0%	378	21
$150.00	Sep 25	Oct 23	70.8%	54.2%	30.6%	145	10
$160.00	Sep 25	Oct 30	74.5%	57.6%	29.3%	1	10
$141.00	Sep 25	Oct 16	69.5%	54.9%	26.5%	62	281

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 194 found (best R:R 2.12, avg 3.16)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$130.00	$131.00	Sep 25	$0.32	$0.68	$0.32	97%	2.12	$130.32
$135.00	$136.00	Oct 9	$0.18	$0.82	$0.18	82%	4.56	$135.18
$130.00	$131.00	Oct 16	$0.25	$0.75	$0.25	85%	3.00	$130.25
$126.00	$127.00	Sep 25	$0.42	$0.58	$0.42	100%	1.38	$126.42
$160.00	$165.00	Oct 30	$1.10	$3.90	$1.10	38%	3.55	$161.10

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
$145.00	$137.00	Oct 30	$2.53	$5.47	$2.53	41%	2.16	$142.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 139 found (best R:R 9.53, avg 0.57)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$149.00	$150.00	Oct 9	$0.82	$0.82	$0.18	46%	4.56	$149.82
$152.50	$155.00	Oct 16	$1.40	$1.40	$1.10	53%	1.27	$153.90
$149.00	$150.00	Oct 23	$0.75	$0.75	$0.25	46%	3.00	$149.75
$162.50	$165.00	Oct 23	$0.95	$0.95	$1.55	67%	0.61	$163.45
$165.00	$170.00	Oct 30	$1.55	$1.55	$3.45	68%	0.45	$166.55

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$137.00	$135.00	Oct 30	$1.81	$1.81	$0.19	70%	9.53	$135.19
$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
$133.00	$132.00	Oct 30	$0.70	$0.70	$0.30	76%	2.33	$132.30
$137.00	$136.00	Oct 9	$0.66	$0.66	$0.34	77%	1.94	$136.34

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $2.02, cheapest $1.62)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$146.00	Sep 25	Oct 2	$2.23	70.1%	56.5%
$148.00	Sep 25	Oct 2	$2.20	68.3%	55.9%
$145.00	Sep 25	Oct 2	$2.63	69.6%	57.9%
$150.00	Sep 25	Oct 2	$2.03	70.8%	59.2%
$144.00	Sep 25	Oct 2	$1.87	69.4%	57.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$146.00	Sep 25	Oct 2	$1.62	70.1%	56.5%
$148.00	Sep 25	Oct 2	$1.62	69.1%	55.9%
$149.00	Sep 25	Oct 9	$2.98	68.1%	55.7%
$145.00	Sep 25	Oct 2	$1.69	69.6%	57.9%
$150.00	Sep 25	Oct 2	$1.63	70.8%	59.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 78 found (cheapest 5.13% of stock, avg 10.32%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$149.00	Sep 25	$3.63	$4.00	$7.63	$141.37	$156.63	5.13%
$148.00	Sep 25	$4.18	$3.53	$7.71	$140.29	$155.71	5.19%
$147.00	Sep 25	$4.70	$3.05	$7.75	$139.25	$154.75	5.22%
$150.00	Sep 25	$3.30	$4.57	$7.87	$142.13	$157.87	5.30%
$146.00	Sep 25	$5.35	$2.66	$8.01	$137.99	$154.01	5.39%
$145.00	Sep 25	$5.80	$2.28	$8.08	$136.92	$153.08	5.44%
$144.00	Sep 25	$6.73	$1.94	$8.67	$135.33	$152.67	5.83%
$143.00	Sep 25	$7.40	$1.62	$9.02	$133.98	$152.02	6.07%
$142.00	Sep 25	$8.10	$1.34	$9.44	$132.56	$151.44	6.35%
$155.00	Sep 25	$1.63	$8.05	$9.68	$145.32	$164.68	6.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.10% of stock, avg 6.47%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$157.50	$144.00	Sep 25	$1.18	$1.94	$3.12	$140.88	$160.62
$155.00	$144.00	Sep 25	$1.63	$1.94	$3.57	$140.43	$158.57
$157.50	$145.00	Sep 25	$1.18	$2.28	$3.46	$141.54	$160.96
$155.00	$145.00	Sep 25	$1.63	$2.28	$3.91	$141.09	$158.91
$152.50	$144.00	Sep 25	$2.34	$1.94	$4.28	$139.72	$156.78
$157.50	$146.00	Sep 25	$1.18	$2.66	$3.84	$142.16	$161.34
$152.50	$145.00	Sep 25	$2.34	$2.28	$4.62	$140.38	$157.12
$155.00	$146.00	Sep 25	$1.63	$2.66	$4.29	$141.71	$159.29
$152.50	$146.00	Sep 25	$2.34	$2.66	$5.00	$141.00	$157.50
$157.50	$147.00	Sep 25	$1.18	$3.05	$4.23	$142.77	$161.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 240 found (best R:R 1.05, avg credit $0.80)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
119/120	158/160	Oct 2	$1.28	$1.22	62%	1.05	$118.72	$158.78
135/137	165/170	Oct 30	$3.36	$1.64	38%	2.05	$133.64	$168.36
119/120	165/168	Oct 2	$0.84	$1.66	76%	0.51	$119.16	$165.84
121/122	158/160	Oct 2	$1.19	$1.31	61%	0.91	$120.81	$158.69
131/133	162/165	Oct 23	$1.60	$0.90	45%	1.78	$131.40	$164.10
120/122	162/165	Oct 23	$1.18	$1.32	58%	0.89	$120.82	$163.68
121/122	165/168	Oct 2	$0.75	$1.75	75%	0.43	$121.25	$165.75
119/120	162/165	Oct 2	$0.81	$1.69	72%	0.48	$119.19	$163.31
119/120	168/170	Oct 2	$0.63	$1.87	79%	0.34	$119.37	$168.13
119/120	160/162	Oct 2	$0.91	$1.59	68%	0.57	$119.09	$160.91

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 118 found (best R:R 44.45, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 16	$0.11	$4.89	13%	44.45
$155.00	$157.50	$160.00	Sep 25	$0.08	$2.42	12%	30.25
$155.00	$157.50	$160.00	Oct 23	$0.07	$2.43	9%	34.71
$155.00	$160.00	$165.00	Oct 16	$0.38	$4.62	15%	12.16
$157.50	$160.00	$162.50	Oct 9	$0.10	$2.40	9%	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$160.00	$165.00	$170.00	Oct 30	$0.14	$4.86	12%	34.71
$145.00	$150.00	$155.00	Oct 16	$0.49	$4.51	19%	9.20
$139.00	$140.00	$141.00	Sep 25	$0.05	$0.95	6%	19.00
$162.50	$165.00	$167.50	Oct 23	$0.11	$2.39	7%	21.73
$141.00	$142.00	$143.00	Sep 25	$0.06	$0.94	7%	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. 95 found (best net $-0.83, 92 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$170.00	$175.00	1:2	Oct 2	-$0.10	$4.90
$162.50	$165.00	1:2	Sep 25	-$0.22	$2.28
$170.00	$172.50	1:2	Sep 25	-$0.11	$2.39
$167.50	$170.00	1:2	Sep 25	-$0.16	$2.34
$157.50	$160.00	1:2	Sep 25	-$0.44	$2.06

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$160.00	$150.00	1:2	Oct 9	-$0.83	$9.17
$162.50	$150.00	1:2	Oct 23	-$2.42	$10.08
$155.00	$145.00	1:2	Oct 30	-$2.28	$7.72
$155.00	$150.00	1:2	Sep 25	-$1.09	$3.91
$135.00	$134.00	1:2	Sep 25	-$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 6.36%, avg 2.39%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$150.00	Oct 30	$9.45	0.51	0.9%	6.36%	7.30%	48	100
$155.00	Oct 30	$7.20	0.45	4.3%	4.85%	9.15%	39	16
$160.00	Oct 30	$5.60	0.38	7.7%	3.77%	11.44%	16	211
$165.00	Oct 30	$4.20	0.32	11.0%	2.83%	13.86%	13	24
$155.00	Oct 23	$6.60	0.44	4.3%	4.44%	8.75%	6	84
$152.50	Oct 23	$7.45	0.48	2.6%	5.01%	7.64%	18	26
$149.00	Oct 23	$9.00	0.54	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
$162.50	Oct 23	$4.25	0.33	9.3%	2.86%	12.21%	136	--

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 59,816

Total Puts 18,815

Put/Call Ratio 0.31

Net Difference 41,001

Prior's Put/Call Breakdown

Total Calls 46,706

Total Puts 29,051

Put/Call Ratio 0.62

Net Difference 17,655

Prior 7-Day Put/Call Summary

Total Calls 516,507

Total Puts 278,723

Average Put/Call Ratio 0.57

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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

Add Card