Whales with a lot of money to spend have taken a noticeably bullish stance on Shopify.
Looking at options history for Shopify (NYSE:SHOP) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $226,195 and 12, calls, for a total amount of $871,724.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $130.0 for Shopify, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Shopify's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shopify's whale activity within a strike price range from $40.0 to $130.0 in the last 30 days.
Shopify Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SHOP | CALL | SWEEP | NEUTRAL | 06/20/25 | $6.85 | $6.55 | $6.85 | $105.00 | $275.3K | 3.5K | 564 |
| SHOP | CALL | SWEEP | BULLISH | 06/20/25 | $7.0 | $6.7 | $6.85 | $105.00 | $106.8K | 3.5K | 157 |
| SHOP | CALL | SWEEP | BULLISH | 01/16/26 | $6.4 | $6.25 | $6.4 | $130.00 | $106.2K | 286 | 175 |
| SHOP | CALL | TRADE | BEARISH | 10/18/24 | $4.8 | $4.65 | $4.65 | $80.00 | $93.0K | 11.0K | 323 |
| SHOP | PUT | SWEEP | BEARISH | 01/17/25 | $5.8 | $5.75 | $5.75 | $80.00 | $82.2K | 3.4K | 178 |
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.
Current Position of Shopify
- Trading volume stands at 2,237,558, with SHOP's price up by 1.51%, positioned at $83.83.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 22 days.
Professional Analyst Ratings for Shopify
5 market experts have recently issued ratings for this stock, with a consensus target price of $78.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $70. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $70. * Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $80.* Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Shopify with a target price of $103. * An analyst from Barclays persists with their Equal-Weight rating on Shopify, maintaining a target price of $70.
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.
