Bullish option flow detected in Shopify (SHOP) with 12,480 calls trading, 1.0x expected, and implied vol increasing almost 2 points to 78.74%. Apr-25 85 calls and Jan-26 130 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.47. Earnings are expected on May 7th.
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Read More on SHOP:
- Shopify price target lowered to $106 from $144 at Morgan Stanley
- Shopify price target lowered to $120 from $150 at Loop Capital
- Shopify price target lowered to $80 from $120 at Cantor Fitzgerald
- Shopify price target lowered to $110 from $140 at Wedbush
- Shopify price target lowered to $85 from $110 at Mizuho