Financial giants have made a conspicuous bearish move on Shopify. Our analysis of options history for Shopify (NYSE:SHOP) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,475, and 5 were calls, valued at $487,755.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $100.0 for Shopify during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 1431.71 with a total volume of 1,559.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $35.0 to $100.0 over the last 30 days.
Shopify 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| 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 | $7.5 | $7.35 | $7.35 | $100.00 | $288.8K | 878 | 107 |
| SHOP | CALL | TRADE | BULLISH | 09/20/24 | $7.8 | $7.7 | $7.8 | $60.00 | $89.7K | 970 | 839 |
| SHOP | PUT | TRADE | BEARISH | 06/21/24 | $5.15 | $5.05 | $5.15 | $65.00 | $48.9K | 4.4K | 443 |
| SHOP | PUT | TRADE | BEARISH | 01/16/26 | $15.1 | $14.25 | $14.85 | $65.00 | $44.5K | 1.2K | 30 |
| SHOP | CALL | TRADE | NEUTRAL | 09/20/24 | $8.3 | $8.0 | $8.15 | $60.00 | $40.7K | 970 | 124 |
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.
Shopify's Current Market Status
- Currently trading with a volume of 4,735,740, the SHOP's price is down by -1.2%, now at $61.7.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 82 days.
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.