This Is What Whales Are Betting On Shopify

By Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bullish stance on Shopify.

Looking at options history for Shopify (NYSE:SHOP) we detected 30 strange trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $946,152 and 13, calls, for a total amount of $792,025.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $800.0 to $2200.0 for Shopify over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Shopify options trades today is 236.71 with a total volume of 1,775.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $800.0 to $2200.0 over the last 30 days.

Shopify Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SHOP CALL SWEEP BULLISH 01/14/22 $1080.00 $262.0K 125 83
SHOP PUT TRADE NEUTRAL 01/21/22 $1085.00 $229.5K 131 60
SHOP CALL SWEEP BEARISH 01/14/22 $1100.00 $128.9K 452 300
SHOP PUT TRADE BULLISH 01/14/22 $1880.00 $76.5K 0 3
SHOP PUT TRADE BEARISH 01/21/22 $1850.00 $75.2K 1 1

Where Is Shopify Standing Right Now?

  • With a volume of 172,777, the price of SHOP is down -1.73% at $1111.62.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 36 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

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