SHOPIFY INC. (SHOP) Options Volume

49,653 SHOPIFY INC. (SHOP) option contracts changed hands in the latest session, at a put/call volume ratio of 0.88. 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 Oct 11, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$170.93
52-week range
$95.11 – $179.08
ATM IV (30d)
65.4%
IV rank
80 / 100
High
Expected move
±$34.60 (±20.2%)
Put/call OI
0.95
Max pain
$135
↓ 21.0% below close
Next earnings
Feb 10, 2027

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Options Volume & Premium Flow

Total options volume49,653
Call volume26,348
Put volume23,305
Put/call volume ratio0.88
Listed contracts1,506
Call premium traded$27.54M
Put premium traded$4.78M
Premium put/call ratio0.17
Open interest rank (31 day)52 / 100
Skew rank (31 day)38 / 100

SHOP Options Volume Trend

0110.2K220.4K330.5K440.7KFeb '26Jun '26Oct '26

SHOP total options volume per session, past year.

0.003.787.5611.3415.13Feb '26Jun '26Oct '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 $175 put Nov 20, 2026 $12.51 64.1% 80 2,771 76.0× avg
SHOP $185 call Oct 16, 2026 $1.90 54.0% 1,455 1,504 6.7× avg
SHOP $190 call Oct 16, 2026 $0.88 55.6% 1,989 1,412 6.3× avg
SHOP $180 call Oct 16, 2026 $3.70 54.7% 1,308 1,274 5.7× avg
SHOP $260 call Jan 15, 2027 $2.85 54.7% 2,235 1,185 123.7× avg
SHOP $160 put Oct 16, 2026 $0.16 58.0% 2,812 1,169 4.9× avg
SHOP $150 put Oct 16, 2026 $0.03 70.2% 1,782 930 3.9× avg
SHOP $175 put Nov 6, 2026 $11.17 71.3% 12 856 57.0× avg

With a put/call volume ratio of 0.88, today's trading is roughly balanced between calls and puts. Measured in dollars rather than contracts, $27.54M of call premium and $4.78M of put premium changed hands — the larger premium flow is on the call side. 8 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?

49,653 SHOP option contracts traded as of Oct 11, 2026 — 26,348 calls and 23,305 puts.

Is there unusual options activity in SHOP today?

Yes — 8 contracts are trading at least three times their 30-day average volume as of Oct 11, 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.