Decoding Shopify's Options Activity: What's The Big Picture? - Shopify (NYSE:SHOP)

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We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SHOP, it often means somebody knows something is about to happen.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $827,579, and 42 are calls, for a total amount of $2,213,195.

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $160.0 for Shopify during the past quarter.

In today's trading context, the average open interest for options of Shopify stands at 640.81, with a total volume reaching 9,074.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Shopify, situated within the strike price corridor from $50.0 to $160.0, throughout the last 30 days.

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume

In light of the recent options history for Shopify, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access . ⁘ An analyst from Wedbush upgraded its action to Outperform with a price target of $125. ⁘ Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $130.