Bullish option flow detected in Shopify (SHOP) with 38,727 calls trading, 2x expected, and implied vol increasing almost 2 points to 36.38%. 12/6 weekly 115 calls and 12/6 weekly 110 calls are the most active options, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 0.11. Earnings are expected on February 11th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Affirm Holdings (AFRM) Stock Gains 6% as Price Target Raised at Bank of America
- Shopify downgraded to Sell from Hold at DZ Bank
- Perplexity Will use Shopify’s (NYSE:SHOP) API for Its AI Shopping Tool
- Shopify Stock (SHOP): 3 Key Catalysts for Further Gains
- Shopify price target raised to $110 from $80 at Jefferies