Options volume is roughly in line with average, with 52k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.92. Implied volatility (IV30) dropped 0.77 to 44.6,below the median, suggesting an expected daily move of $3.10. Put-call skew steepened, indicating increased demand for downside protection.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Global-e Online price target lowered to $40 from $45 at Wells Fargo
- “Chat Powered Shopping” Coming With New PayPal (NASDAQ:PYPL) / Perplexity Team-Up
- Global-e Online and Shopify announce strategic partnership agreement
- Shopify Stock (SHOP) Jumps 14% as Investors Cheer Nasdaq 100 Addition
- Shopify’s Strong Q1 Performance and Growth Potential Justifies Buy Rating