SHOPIFY INC. (SHOP) Options Volume

70,813 SHOPIFY INC. (SHOP) option contracts changed hands in the latest session, at a put/call volume ratio of 1.13. This page tracks how actively SHOP options trade — contracts and dollars — and flags individual contracts running far above their own 30-day average volume.

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

Options Volume & Premium Flow

Total options volume70,813
Call volume33,195
Put volume37,618
Put/call volume ratio1.13
Listed contracts1,646
Call premium traded$9.05M
Put premium traded$7.84M
Premium put/call ratio0.87
Open interest rank (31 day)64 / 100
Skew rank (31 day)100 / 100

SHOP Options Volume Trend

0110.2K220.4K330.5K440.7KFeb '26May '26Jul '26

SHOP total options volume per session, past year.

0.001.432.864.295.72Feb '26May '26Jul '26

SHOP put/call volume ratio, past year.

SHOP Unusual Options Activity

Contracts trading at least 3× their own 30-day average volume (minimum 500 contracts):

ContractExpirationLastIV Open interestVolumevs 30d avg
SHOP $90 put Jul 17, 2026 $0.03 90.8% 8,231 7,012 79.6× avg
SHOP $117 put Jul 17, 2026 $1.39 53.3% 216 5,575 16.9× avg
SHOP $133 call Jul 17, 2026 $0.57 50.3% 11 3,108 14.3× avg
SHOP $123 put Jul 17, 2026 $3.45 51.1% 34 2,655 34.7× avg
SHOP $135 call Jul 17, 2026 $0.37 51.6% 3,063 2,559 11.7× avg
SHOP $130 call Jul 17, 2026 $0.98 50.2% 5,308 2,263 10.4× avg

With a put/call volume ratio of 1.13, today's trading is roughly balanced between calls and puts. Measured in dollars rather than contracts, $9.05M of call premium and $7.84M of put premium changed hands — the larger premium flow is on the call side. 6 contracts are trading at least three times their own 30-day average volume — activity worth a closer look.

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SHOP Options FAQ

How many SHOP options traded today?

70,813 SHOP option contracts traded as of Jul 10, 2026 — 33,195 calls and 37,618 puts.

Is there unusual options activity in SHOP today?

Yes — 6 contracts are trading at least three times their 30-day average volume as of Jul 10, 2026. OptiView flags a contract as unusual when today's volume runs at 3× its own average with at least 500 contracts traded.

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.