Whales with a lot of money to spend have taken a noticeably bearish stance on Shopify.
Looking at options history for Shopify (NYSE:SHOP) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $179,950 and 9, calls, for a total amount of $707,111.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $120.0 for Shopify, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Shopify stands at 2545.89, with a total volume reaching 3,152.00. 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 $55.0 to $120.0, throughout the last 30 days.
Shopify 30-Day Option Volume & Interest Snapshot
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 | NEUTRAL | 03/21/25 | $37.35 | $36.55 | $37.0 | $70.00 | $366.3K | 1.6K | 0 |
| SHOP | CALL | TRADE | NEUTRAL | 09/19/25 | $19.95 | $18.05 | $19.09 | $105.00 | $74.4K | 199 | 42 |
| SHOP | CALL | TRADE | BEARISH | 03/21/25 | $9.45 | $9.4 | $9.4 | $110.00 | $47.0K | 1.1K | 79 |
| SHOP | CALL | SWEEP | BULLISH | 01/17/25 | $45.6 | $44.9 | $45.6 | $60.00 | $45.6K | 3.4K | 20 |
| SHOP | PUT | SWEEP | BEARISH | 01/03/25 | $1.75 | $1.66 | $1.74 | $105.00 | $43.7K | 379 | 572 |
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.
Following our analysis of the options activities associated with Shopify, we pivot to a closer look at the company's own performance.
Shopify's Current Market Status
- Currently trading with a volume of 1,963,164, the SHOP's price is down by -1.43%, now at $106.63.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
Expert Opinions on Shopify
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $126.66666666666667.
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.* Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $120.* An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $120. * In a positive move, an analyst from Loop Capital has upgraded their rating to Buy and adjusted the price target to $140.
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.
