Mixed options sentiment in Shopify (SHOP), with shares up $6.53, or 5.35%, near $128.40. Options volume relatively light with 28k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.8. Implied volatility (IV30) dropped 2.88 near 58.69,and above the 52wk median, suggesting an expected daily move of $4.75. Put-call skew flattened, suggesting a modestly bullish tone.
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