SHOPIFY INC. (SHOP) Options Statistics & Positioning

SHOPIFY INC. (SHOP) options trade at a 30-day at-the-money implied volatility of 49.5%, an IV rank of 2 out of 100 over the past year. The options market prices a ±$19.48 (±13.0%) move in SHOP for the front expiration. Max pain sits at $135 and the put/call open interest ratio is 0.40. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$150.36

52-week range

$95.11 – $179.08

ATM IV (30d)

49.5%

IV rank

2 / 100

Low

Expected move

±$19.48 (±13.0%)

Put/call OI

0.40

Call-heavy

Max pain

$135

↓ 10.2% below close

Next earnings

Feb 10, 2027

Most Active SHOP Contracts

Contract	Expiration	DTE	Last	IV	Volume
SHOP $152.5 call	Aug 28, 2026	4d	$2.20	—	1,302
SHOP $155 call	Aug 28, 2026	4d	$1.43	0.0%	1,067
SHOP $145 call	Sep 18, 2026	25d	$10.10	—	986
SHOP $155 call	Sep 18, 2026	25d	$5.05	—	967
SHOP $150 put	Aug 28, 2026	4d	$3.20	—	786

See all active SHOP contracts →

Explore SHOP Options Statistics

SHOP Implied Volatility

49.5% ATM IV (30d)

An IV rank of 2 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

SHOP Open Interest

0.40 put/call OI ratio

476,063 calls and 189,665 puts outstanding across all expirations.

Full open interest analysis →

SHOP Max Pain

$135 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

-$15.98M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

SHOP Options Volume

17,612 contracts traded

Put/call volume ratio 0.54 — plus contracts running far above their usual volume.

Full volume & flow analysis →

SHOP Most Active Options

$155 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 ±$19.48 (±13.0%) 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 ±$19.48 (±13.0%) 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.