Shopify Unusual Options Activity For March 24

Benzinga · 03/25 04:50

A whale with a lot of money to spend has taken a noticeably bearish stance on Shopify.Looking at options history for Shopify (NYSE:SHOP) we detected 38 strange trades.If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.From the overall spotted trades, 21 are puts, for a total amount of $3,263,772 and 17, calls, for a total amount of $947,494.What's The Price Target?Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range

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