Tour v528
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SHOPIFY INC A
$148.82 +7.90%
9/22 10:30

Option Volume

Detail
Current (09/22 10:30am) 80,443
Calls: 61,334 (76%)
Puts: 19,109 (24%)
Prior (08/05) 78,087
Calls: 47,556 (61%)
Puts: 30,531 (39%)
Current vs Prior +3.02%
Calls: +28.97% (Calls)
Puts: -37.41% (Puts)
Prior 7-Day Total 798,606
Calls: 519,157 (65%)
Puts: 279,449 (35%)
Prior 7-Day Average 114,086
Calls: 74,165 (65%)
Puts: 39,921 (35%)
Current vs Prior 7-Day Avg -29.49%
Calls: -17.30%
Puts: -52.13%
Sentiment BULLISH

Dollar Volume

Detail
Current (09/22 10:30am) $43.57M
Calls: $37.90M (87%)
Puts: $5.67M (13%)
Prior (08/05) $60.67M
Calls: $41.56M (69%)
Puts: $19.11M (31%)
Current vs Prior -28.18%
Calls: -8.80%
Puts: -70.33%
Prior 7-Day Total $351.93M
Calls: $229.02M (65%)
Puts: $122.91M (35%)
Prior 7-Day Average $50.28M
Calls: $32.72M (65%)
Puts: $17.56M (35%)
Current vs Prior 7-Day Avg -13.33%
Calls: +15.85%
Puts: -67.72%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/22 10:30am) 0.31
Prior (08/05) 0.64
Current vs Prior -51.47%
Prior 7-Day Average 0.57
Current vs Prior 7-Day Avg -45.14%
Sentiment BULLISH

Open Interest

Detail
Current (09/22 10:30am) 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
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 5.60% | 8.20%13.06% | 21.54%
Prior 4.71% | 7.07%7.07% | 14.30%
Current vs Prior +18.77% | +16.06%+84.68% | +50.57%
Prior 7-Day Avg 6.88% | 9.85%12.58% | 18.98%
Current vs 7-Day Avg -18.65% | -16.70%+3.78% | +13.49%
Prior 7-Day Eod 4.71% | 7.07%11.11% | 21.63%
Current vs 7-Day Eod +18.77% | +16.06%+17.54% | -0.43%
Sentiment BEARISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 19.84% | 20.49%
Calls: 16.67% | 19.90%
Puts: 23.00% | 21.08%
Prior 18.62% | 31.05%
Calls: 17.73% | 47.19%
Puts: 19.52% | 14.91%
Current vs Prior +6.55% | -34.01%
Prior 7-Day Avg 14.92% | 18.12%
Calls: 13.36% | 24.31%
Puts: 16.49% | 11.92%
Current vs 7-Day Avg +32.94% | +13.10%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($37.90M) vs puts ($5.67M). Extreme bullish P/C ratio of 0.31 - heavy call buying (61,334 calls vs 19,109 puts). P/C ratio dropping 51% - 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)
TimeSmart MoneyRetailOverall
10:30BULLISHBULLISHBULLISH
10:25BULLISHBULLISHBULLISH
10:20BULLISHBULLISHBULLISH
10:15BULLISHBULLISHBULLISH
10:10BULLISHBULLISHBULLISH
10:05BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH
09:55BULLISHBULLISHBULLISH
09:50BULLISHBULLISHBULLISH
09:45BULLISHBULLISHBULLISH
09:40BULLISHBULLISHBULLISH
09:35BULLISHBULLISHBULLISH

📈 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 25 of results (avg 7.6%, best 4.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$130.00Sep 2518.5519.35$18.954.2%1.1K1.001.8K
$120.00Sep 2528.1029.50$28.804.9%--1.00205
$137.00Sep 2512.0012.70$12.355.7%810.91550
$145.00Oct 1610.2510.85$10.555.7%2.0K0.5913.4K
$135.00Sep 2513.6514.45$14.055.7%4650.942.4K
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 2 found (avg $0.71, cheapest $0.83)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Sep 250.800.85$0.836.0%9.5K0.15645
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Oct 160.550.65$0.6016.7%4980.066.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 157 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$120.00Sep 2528.1029.50$28.804.9%--1.00205
$121.00Sep 2526.4529.20$27.839.9%21.0011
$122.00Sep 2525.4527.95$26.709.4%41.003
$123.00Sep 2524.4526.95$25.709.7%61.003
$125.00Sep 2523.5525.05$24.306.2%131.00213
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Sep 2511.5012.95$12.2311.9%--0.8510
$170.00Oct 1621.9024.40$23.1510.8%--0.8062
$157.50Sep 259.3010.80$10.0514.9%10.80--
$172.50Oct 2324.5527.45$26.0011.2%--0.7921
$160.00Oct 212.0514.25$13.1516.7%10.7610

Most actively traded options today. High liquidity = easy entry/exit. 322 active (total vol 63.5K, top 9.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$160.00Sep 250.800.85$0.836.0%9.5K0.15645
$152.50Sep 252.252.41$2.336.9%6.3K0.35176
$155.00Sep 251.541.74$1.6412.2%5.7K0.27572
$150.00Sep 253.153.45$3.309.1%3.5K0.451.5K
$134.00Sep 2513.2016.30$14.7521.0%2.3K0.952.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$140.00Sep 250.811.02$0.9222.8%2.1K0.17348
$124.00Sep 250.000.61$0.31196.8%2.0K0.042.2K
$135.00Oct 162.533.05$2.7918.6%5840.221.7K
$120.00Oct 160.550.65$0.6016.7%4980.066.1K
$148.00Sep 253.253.80$3.5315.6%3570.4721

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 25.1%, max 37.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$160.00Sep 25Oct 3074.8%54.5%37.3%9.5K856
$155.00Sep 25Oct 3071.8%53.3%34.6%5.8K588
$148.00Sep 25Oct 2368.4%51.6%32.6%757161
$157.50Sep 25Oct 2373.1%55.7%31.0%526114
$144.00Sep 25Oct 3067.8%52.3%29.6%1411.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$160.00Sep 25Oct 3074.8%54.5%37.3%110
$148.00Sep 25Oct 2368.8%51.6%33.5%39921
$145.00Sep 25Oct 3067.5%53.3%26.7%183104
$141.00Sep 25Oct 1668.2%54.1%26.1%107281
$140.00Sep 25Oct 2368.5%54.9%24.8%2.1K395

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 191 found (best R:R 2.16, avg 3.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$145.00$150.00Oct 30$1.58$3.42$1.5860%2.16$146.58
$160.00$165.00Oct 30$1.00$4.00$1.0038%4.00$161.00
$141.00$143.00Oct 23$0.68$1.32$0.6866%1.94$141.68
$150.00$152.50Oct 23$0.62$1.88$0.6251%3.03$150.62
$130.00$131.00Sep 25$0.50$0.50$0.50100%1.00$130.50
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$135.00$133.00Oct 23$0.20$1.80$0.2024%9.00$134.80
$152.50$150.00Oct 2$1.18$1.32$1.1858%1.12$151.32
$138.00$137.00Oct 16$0.10$0.90$0.1027%9.00$137.90
$148.00$147.00Oct 2$0.32$0.68$0.3247%2.12$147.68
$145.00$144.00Oct 2$0.27$0.73$0.2738%2.70$144.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 138 found (best R:R 8.09, avg 0.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$152.50$155.00Oct 9$1.25$1.25$1.2555%1.00$153.75
$149.00$150.00Oct 9$0.70$0.70$0.3048%2.33$149.70
$150.00$155.00Oct 30$2.55$2.55$2.4548%1.04$152.55
$152.50$155.00Oct 16$1.20$1.20$1.3054%0.92$153.70
$155.00$157.50Oct 2$0.89$0.89$1.6164%0.55$155.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$137.00$135.00Oct 30$1.78$1.78$0.2271%8.09$135.22
$133.00$132.00Oct 30$0.71$0.71$0.2976%2.45$132.29
$141.00$140.00Oct 16$0.70$0.70$0.3067%2.33$140.30
$137.00$136.00Oct 9$0.60$0.60$0.4076%1.50$136.40
$122.00$121.00Oct 2$0.43$0.43$0.5792%0.75$121.57

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $1.95, cheapest $2.97)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$148.00Sep 25Oct 2$2.0868.4%55.7%
$145.00Sep 25Oct 2$2.0067.5%55.9%
$150.00Sep 25Oct 2$1.8070.2%58.7%
$146.00Sep 25Oct 2$1.8567.0%55.6%
$149.00Sep 25Oct 2$1.8869.4%58.1%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$149.00Sep 25Oct 9$2.9769.0%54.9%
$148.00Sep 25Oct 2$1.7968.8%55.7%
$145.00Sep 25Oct 2$1.7367.5%55.9%
$150.00Sep 25Oct 2$1.9570.2%58.7%
$146.00Sep 25Oct 2$1.7767.0%55.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 81 found (cheapest 5.19% of stock, avg 10.20%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$148.00Sep 25$4.20$3.53$7.73$140.27$155.735.19%
$149.00Sep 25$3.60$4.13$7.73$141.27$156.735.19%
$147.00Sep 25$4.65$3.10$7.75$139.25$154.755.21%
$146.00Sep 25$5.35$2.58$7.93$138.07$153.935.33%
$150.00Sep 25$3.30$4.65$7.95$142.05$157.955.34%
$145.00Sep 25$5.90$2.22$8.12$136.88$153.125.46%
$144.00Sep 25$6.60$1.90$8.50$135.50$152.505.71%
$143.00Sep 25$7.28$1.57$8.85$134.15$151.855.95%
$142.00Sep 25$8.05$1.27$9.32$132.68$151.326.26%
$155.00Sep 25$1.64$8.05$9.69$145.31$164.696.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 2.05% of stock, avg 6.53%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$157.50$144.00Sep 25$1.15$1.90$3.05$140.95$160.55
$155.00$144.00Sep 25$1.64$1.90$3.54$140.46$158.54
$157.50$145.00Sep 25$1.15$2.22$3.37$141.63$160.87
$155.00$145.00Sep 25$1.64$2.22$3.86$141.14$158.86
$152.50$144.00Sep 25$2.33$1.90$4.23$139.77$156.73
$157.50$146.00Sep 25$1.15$2.58$3.73$142.27$161.23
$152.50$145.00Sep 25$2.33$2.22$4.55$140.45$157.05
$155.00$146.00Sep 25$1.64$2.58$4.22$141.78$159.22
$152.50$146.00Sep 25$2.33$2.58$4.91$141.09$157.41
$157.50$147.00Sep 25$1.15$3.10$4.25$142.75$161.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 238 found (best R:R 0.40, avg credit $0.76)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
121/122165/168Oct 2$0.71$1.7976%0.40$121.29$165.71
123/124168/170Sep 25$0.37$2.1389%0.17$123.63$167.87
121/122158/160Oct 2$0.99$1.5163%0.66$121.01$158.49
121/122162/165Oct 2$0.77$1.7372%0.45$121.23$163.27
123/124160/162Sep 25$0.54$1.9680%0.28$123.46$160.54
123/124162/165Sep 25$0.42$2.0884%0.20$123.58$162.92
135/137165/170Oct 30$3.08$1.9239%1.60$133.92$168.08
121/122160/162Oct 2$0.78$1.7268%0.45$121.22$160.78
123/124155/158Sep 25$0.76$1.7468%0.44$123.24$155.76
123/124158/160Sep 25$0.59$1.9175%0.31$123.41$158.09

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 127 found (best R:R 70.43, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$160.00$165.00$170.00Oct 16$0.07$4.9313%70.43
$152.50$155.00$157.50Oct 2$0.06$2.4412%40.67
$157.50$160.00$162.50Sep 25$0.05$2.459%49.00
$162.50$165.00$167.50Oct 2$0.06$2.447%40.67
$152.50$155.00$157.50Sep 25$0.20$2.3015%11.50
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$155.00$160.00$165.00Oct 16$0.21$4.7915%22.81
$160.00$165.00$170.00Oct 30$0.13$4.8712%37.46
$145.00$150.00$155.00Oct 16$0.49$4.5118%9.20
$155.00$157.50$160.00Sep 25$0.18$2.3212%12.89
$162.50$165.00$167.50Oct 23$0.11$2.396%21.73

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 90 found (best net $-2.20, 88 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$170.00$175.001:2Oct 2-$0.02$4.98
$160.00$162.501:2Sep 25-$0.29$2.21
$167.50$170.001:2Sep 25-$0.14$2.36
$170.00$172.501:2Sep 25-$0.12$2.38
$172.50$175.001:2Sep 25-$0.10$2.40
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$162.50$150.001:2Oct 23-$2.20$10.30
$160.00$150.001:2Oct 9-$1.03$8.97
$155.00$150.001:2Sep 25-$1.25$3.75
$129.00$128.001:2Sep 25$0.00$1.00
$123.00$122.001:2Sep 25$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 55 found (best yield 6.38%, avg 2.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$150.00Oct 30$9.500.520.8%6.38%7.18%51100
$155.00Oct 30$7.100.444.2%4.77%8.92%4316
$160.00Oct 30$5.000.387.5%3.36%10.87%16211
$170.00Oct 30$3.500.2614.2%2.35%16.58%2710
$165.00Oct 30$3.700.3210.9%2.49%13.36%1324
$152.50Oct 23$7.050.472.5%4.74%7.21%1826
$155.00Oct 23$6.100.434.2%4.10%8.25%684
$149.00Oct 23$8.600.530.1%5.78%5.90%768
$150.00Oct 23$8.000.510.8%5.38%6.17%20625
$157.50Oct 23$5.200.395.8%3.49%9.33%236

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 61,334
Total Puts 19,109
Put/Call Ratio 0.31
Net Difference 42,225

Prior's Put/Call Breakdown

Total Calls 47,556
Total Puts 30,531
Put/Call Ratio 0.64
Net Difference 17,025

Prior 7-Day Put/Call Summary

Total Calls 519,157
Total Puts 279,449
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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Chart Title

Price — Past 7 Days

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