SHOPIFY INC. (SHOP) Options Statistics & Positioning

SHOPIFY INC. (SHOP) options trade at a 30-day at-the-money implied volatility of 52.1%, an IV rank of 89 out of 100 over the past year. The options market prices a ±$8.84 (±7.2%) move in SHOP for the front expiration. Max pain sits at $110 and the put/call open interest ratio is 0.51. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$122.53

52-week range

$96.46 – $179.08

ATM IV (30d)

52.1%

IV rank

89 / 100

High

Expected move

±$8.84 (±7.2%)

Put/call OI

0.51

Call-heavy

Max pain

$110

↓ 10.2% below close

Next earnings

Feb 10, 2027

Most Active SHOP Contracts

Contract	Expiration	DTE	Last	IV	Volume
SHOP $90 put	Jul 17, 2026	7d	$0.03	90.8%	7,012
SHOP $117 put	Jul 17, 2026	7d	$1.39	53.3%	5,575
SHOP $133 call	Jul 17, 2026	7d	$0.57	50.3%	3,108
SHOP $123 put	Jul 17, 2026	7d	$3.45	51.1%	2,655
SHOP $135 call	Jul 17, 2026	7d	$0.37	51.6%	2,559

See all active SHOP contracts →

Explore SHOP Options Statistics

SHOP Implied Volatility

52.1% ATM IV (30d)

An IV rank of 89 places implied volatility near the top of its 52-week range.

Full implied volatility analysis →

SHOP Open Interest

0.51 put/call OI ratio

549,130 calls and 280,069 puts outstanding across all expirations.

Full open interest analysis →

SHOP Max Pain

$110 max pain

10.2% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

SHOP Gamma Exposure

$4.16B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

SHOP Options Volume

70,813 contracts traded

Put/call volume ratio 1.13 — plus contracts running far above their usual volume.

Full volume & flow analysis →

SHOP Most Active Options

$117 top volume strike

The 25 most actively traded SHOP contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

SHOP's next expected earnings date is Feb 10, 2027. Options currently price a ±$8.84 (±7.2%) move for the front expiration.

Explore the payoff profile of option on SHOP for free

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SHOP Options FAQ

When is SHOP's next earnings date?

SHOP's next expected earnings date is Feb 10, 2027. Options currently price a ±$8.84 (±7.2%) move for the front expiration.

How often is SHOP options data on this page updated?

All SHOP statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see SHOP max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated SHOP pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.