Deep-pocketed investors have adopted a bearish approach towards Shopify SHOP, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SHOP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 32 extraordinary options activities for Shopify. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 46% bearish. Among these notable options, 13 are puts, totaling $586,611, and 19 are calls, amounting to $1,642,641.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $170.0 for Shopify over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 1936.74 with a total volume of 2,141.00.
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 $55.0 to $170.0 over the last 30 days.
Shopify Option Activity Analysis: 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 | TRADE | BEARISH | 01/17/25 | $37.7 | $36.5 | $36.5 | $65.00 | $375.9K | 8.4K | 107 |
| SHOP | CALL | SWEEP | BULLISH | 06/20/25 | $44.05 | $44.05 | $44.05 | $60.00 | $171.7K | 2.7K | 144 |
| SHOP | CALL | SWEEP | BEARISH | 03/21/25 | $23.6 | $22.9 | $22.9 | $80.00 | $171.4K | 1.5K | 75 |
| SHOP | CALL | SWEEP | BULLISH | 06/20/25 | $44.05 | $44.05 | $44.05 | $60.00 | $132.1K | 2.7K | 75 |
| SHOP | CALL | TRADE | BEARISH | 01/17/25 | $49.95 | $47.85 | $47.85 | $55.00 | $95.7K | 2.2K | 20 |
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
- With a volume of 3,178,447, the price of SHOP is down -5.61% at $101.6.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 32 days.
What Analysts Are Saying About Shopify
2 market experts have recently issued ratings for this stock, with a consensus target price of $122.5.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from Benzinga Pro.
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