Shopify put volume heavy and directionally bearish

Bearish flow noted in Shopify with 9,086 puts trading, or 1.3x expected. Most active are Oct-24 45 puts and Apr-25 70 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 2.39, while ATM IV is up over 2 points on the day. Earnings are expected on October 31st.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue