Options volume is nearly triple the daily average, with 65k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.98. Implied volatility (IV30) dropped 4.61 to 45.42,below the median, suggesting an expected daily move of $2.95. Put-call skew flattened, suggesting a modestly bullish tone.
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:
- Shopify Stock (SHOP) Set for Nasdaq 100 Inclusion Following Strong Q1 Earnings
- Shopify to join Nasdaq-100 Index starting May 19
- Skechers, Shopify, Diamondback, Vertex, Turtle Beach: Trending by Analysts
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Shopify price target lowered to $100 from $120 at Stifel