Bullish option flow detected in Shopify (SHOP) with 38,727 calls trading, 2x expected, and implied vol increasing almost 2 points to 36.38%. 12/6 weekly 115 calls and 12/6 weekly 110 calls are the most active options, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 0.11. Earnings are expected on February 11th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOP:
- Affirm Holdings (AFRM) Stock Gains 6% as Price Target Raised at Bank of America
- Shopify downgraded to Sell from Hold at DZ Bank
- Perplexity Will use Shopify’s (NYSE:SHOP) API for Its AI Shopping Tool
- Shopify Stock (SHOP): 3 Key Catalysts for Further Gains
- Shopify price target raised to $110 from $80 at Jefferies