Bullish option flow detected in Shopify with 19,368 calls trading, 1.6x expected, and implied vol increasing over 1 point to 66.70%. 5/3 weekly 74 calls and 5/3 weekly 75 calls are the most active options, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 0.29. Earnings are expected on May 8th.
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