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Check Out What Whales Are Doing With SHOP

Benzinga ·  Jun 18 22:01

High-rolling investors have positioned themselves bullish on Shopify (NYSE:SHOP), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SHOP often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Shopify. This is not a typical pattern.

The sentiment among these major traders is split, with 87% bullish and 0% bearish. Among all the options we identified, there was one put, amounting to $26,668, and 7 calls...

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