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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Apple upgraded, Tesla downgraded: Wall Street’s top analyst calls
- Shopify upgraded to Buy from Neutral at Citi
- Netflix upgraded and downgraded: Wall Street’s top analyst calls
- Shopify upgraded to Overweight from Equal Weight at Morgan Stanley
- JMP Securities tech/software analysts hold analyst/industry conference call