Shopify (NYSE:SHOP) – Shopify Whale Trades For September 08


A whale with a lot of money to spend has taken a noticeably bullish stance on Shopify.

Looking at options history for Shopify SHOP we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $1,490,534 and 5, calls, for a total amount of $178,161.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $29.5 to $100.0 for Shopify over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Shopify options trades today is 1084.7 with a total volume of 1,832.00.

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 $29.5 to $100.0 over the last 30 days.

Shopify Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SHOP PUT TRADE BULLISH 01/20/23 $86.00 $683.7K 590 125
SHOP PUT TRADE BULLISH 11/18/22 $62.00 $524.4K 25 170
SHOP PUT SWEEP BULLISH 01/19/24 $60.00 $141.9K 2.3K 46
SHOP PUT TRADE BEARISH 03/17/23 $79.00 $58.3K 45 12
SHOP CALL TRADE BEARISH 03/17/23 $36.00 $49.0K 415 99









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SHOP PUT TRADE BULLISH 01/20/23 $86.00 $683.7K 590 125
SHOP PUT TRADE BULLISH 11/18/22 $62.00 $524.4K 25 170
SHOP PUT SWEEP BULLISH 01/19/24 $60.00 $141.9K 2.3K 46
SHOP PUT TRADE BEARISH 03/17/23 $79.00 $58.3K 45 12
SHOP CALL TRADE BEARISH 03/17/23 $36.00 $49.0K 415 99

Where Is Shopify Standing Right Now?

  • With a volume of 3,536,564, the price of SHOP is down -0.97% at $30.68.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 49 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.

If you want to stay updated on the latest options trades for Shopify, Benzinga Pro gives you real-time options trades alerts.



Source link Shopify Information

Post Author: Adam Jacob

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