Bullish option flow detected in Shopify with 56,640 calls trading, 4x expected, and implied vol increasing over 1 point to 70.28%. 12/2 weekly 45 calls and 12/9 weekly 30 calls are the most active options, with total volume in those strikes near 12,400 contracts. The Put/Call Ratio is 0.36. Earnings are expected on February 15th.
Published first on TheFly
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