Shopify's Options: A Look at What the Big Money Is Thinking
Shopify's Options: A Look at What the Big Money Is Thinking
Deep-pocketed investors have adopted a bullish approach towards Shopify (NYSE:SHOP), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 45% bearish. Among these notable options, 11 are puts, totaling $775,573, and 9 are calls, amounting to $3,104,720.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $90.0 for Shopify over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Shopify stands at 1406.0, with a total volume reaching 3,635.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Shopify, situated within the strike price corridor from $65.0 to $90.0, throughout the last 30 days.
Shopify Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SHOP | CALL | TRADE | BEARISH | 01/16/26 | $11.2 | $10.95 | $11.05 | $90.00 | $2.6M | 1.6K | 199 |
| SHOP | PUT | TRADE | BULLISH | 10/18/24 | $8.85 | $8.7 | $8.75 | $80.00 | $175.0K | 898 | 346 |
| SHOP | CALL | SWEEP | BULLISH | 12/20/24 | $12.15 | $12.0 | $12.15 | $65.00 | $145.8K | 917 | 120 |
| SHOP | PUT | SWEEP | BULLISH | 04/17/25 | $10.8 | $10.65 | $10.65 | $75.00 | $140.5K | 37 | 308 |
| SHOP | PUT | SWEEP | BULLISH | 04/17/25 | $16.55 | $16.4 | $16.4 | $85.00 | $106.6K | 25 | 0 |
About Shopify
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
After a thorough review of the options trading surrounding Shopify, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Shopify
- With a trading volume of 3,747,530, the price of SHOP is down by -3.02%, reaching $72.28.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 64 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.