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Shopify call volume above normal and directionally bullish
The Fly

Shopify call volume above normal and directionally bullish

Bullish option flow detected in Shopify with 32,201 calls trading, 2x expected, and implied vol increasing over 1 point to 39.02%. Sep-24 75 calls and Dec-24 70 calls are the most active options, with total volume in those strikes near 13,000 contracts. The Put/Call Ratio is 0.19. Earnings are expected on October 31st.

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