Investors with a lot of money to spend have taken a bullish stance on Shopify SHOP.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SHOP, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 56 uncommon options trades for Shopify.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 33%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $827,579, and 42 are calls, for a total amount of $2,213,195.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $160.0 for Shopify during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Shopify stands at 640.81, with a total volume reaching 9,074.00. 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 $50.0 to $160.0, throughout the last 30 days.
Shopify 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SHOP | PUT | SWEEP | BULLISH | 07/18/25 | $17.4 | $17.35 | $17.35 | $120.00 | $241.1K | 84 | 234 |
| SHOP | CALL | TRADE | NEUTRAL | 01/15/27 | $64.7 | $60.5 | $62.5 | $65.00 | $125.0K | 79 | 20 |
| SHOP | CALL | TRADE | BEARISH | 02/07/25 | $7.2 | $7.05 | $7.05 | $112.00 | $112.8K | 348 | 386 |
| SHOP | CALL | TRADE | BEARISH | 07/18/25 | $18.15 | $18.05 | $18.05 | $115.00 | $110.1K | 186 | 216 |
| SHOP | CALL | SWEEP | BULLISH | 01/15/27 | $34.95 | $33.15 | $34.95 | $120.00 | $104.8K | 149 | 71 |
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.
In light of the recent options history for Shopify, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Shopify
- Currently trading with a volume of 7,243,803, the SHOP's price is up by 7.97%, now at $115.94.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 days.
What The Experts Say On Shopify
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $127.5.
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. * An analyst from Wedbush upgraded its action to Outperform with a price target of $125. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $130.
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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