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Shopify call volume above normal and directionally bullish

Bullish option flow detected in Shopify with 34,478 calls trading, 1.1x expected, and implied vol increasing over 1 point to 72.67%. 12/2 weekly 37 puts and 12/2 weekly 39 calls are the most active options, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 0.65. Earnings are expected on February 15th.

Published first on TheFly

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