Mixed options sentiment in Shopify (SHOP), with shares down 48c near $110.18. Options volume roughly in line with average with 26k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.84. Implied volatility (IV30) dropped 3.17 near 61.8,and above the 52wk median, suggesting an expected daily move of $4.29. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at MoffettNathanson.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Jefferies software analyst holds an analyst/industry conference call
- Shopify price target lowered to $172 from $195 at Citi
- Cathie Wood Goes Bargain Hunting on These Beaten-Down Tech Stocks
- Cathie Wood Buys the Post-Earnings Dip in These Stocks. Should You Follow?