Bullish flow in Shopify (SHOP), with shares up $2.82, or 2.89%, near $100.24. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.74. Implied volatility (IV30) is higher by 0.6 points near 55.24,and below the 52wk median, suggesting an expected daily move of $3.49. Put-call skew flattened, suggesting a modestly bullish tone.
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