Shopify Stock Options
| SHOP Stock | USD 108.62 2.22 2.09% |
Shopify's latest option contracts expiring on September 19th 2025 are carrying combined implied volatility of 0.61 with a put-to-call open interest ratio of 1.01 over 66 outstanding agreements suggesting investors are buying slightly more puts than calls on contracts expiring on September 19th 2025. The total put volume is at 345, with calls trading at the volume of 853. This yields a 0.4 put-to-call volume ratio.
Open Interest Against September 19th 2025 Option Contracts
2025-09-19
The chart above shows Shopify's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Shopify's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Shopify's option, there is no secondary market available for investors to trade.
Shopify Maximum Pain Price Across 2025-09-19 Option Contracts
Max pain occurs when Shopify's market makers reach a net positive position across all Shopify's options at a strike price where option holders stand to lose the most money. By contrast, Shopify's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Shopify
Analyzing Shopify's in-the-money options over time can help investors to take a profitable long position in Shopify regardless of its overall volatility. This is especially true when Shopify's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Shopify's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Shopify's stock while costing only a fraction of its price.
Shopify Class A In The Money Call Balance
When Shopify's strike price is surpassing the current stock price, the option contract against Shopify Class A stock is said to be in the money. When it comes to buying Shopify's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Shopify Class A are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Shopify Current Options Market Mood
Shopify's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Shopify Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Shopify's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Shopify's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Shopify contract
Base on the Rule 16, the options market is currently suggesting that Shopify Class A will have an average daily up or down price movement of about 0.0381% per day over the life of the 2025-09-19 option contract. With Shopify trading at USD 108.62, that is roughly USD 0.0414. If you think that the market is fully incorporating Shopify's daily price movement you should consider buying Shopify Class A options at the current volatility level of 0.61%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Shopify options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Shopify calls. Remember, the seller must deliver Shopify Class A stock to the call owner when a call is exercised.
Shopify Option Chain
When Shopify's strike price is surpassing the current stock price, the option contract against Shopify Class A stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Shopify's option chain is a display of a range of information that helps investors for ways to trade options on Shopify. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Shopify. It also shows strike prices and maturity days for a Shopify against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | SHOP250919C00190000 | 148 | 190.0 | 0.11 - 0.26 | 0.54 | Out |
Call | SHOP250919C00185000 | 22 | 185.0 | 0.11 - 0.31 | 0.5 | Out |
Call | SHOP250919C00180000 | 205 | 180.0 | 0.2 - 0.37 | 0.29 | Out |
Call | SHOP250919C00175000 | 2206 | 175.0 | 0.24 - 0.45 | 0.46 | Out |
Call | SHOP250919C00170000 | 443 | 170.0 | 0.39 - 0.57 | 0.48 | Out |
Call | SHOP250919C00165000 | 243 | 165.0 | 0.6 - 0.67 | 0.61 | Out |
Call | SHOP250919C00160000 | 1185 | 160.0 | 0.77 - 0.85 | 0.79 | Out |
Call | SHOP250919C00155000 | 172 | 155.0 | 1.0 - 1.09 | 1.19 | Out |
Call | SHOP250919C00150000 | 1030 | 150.0 | 1.31 - 1.4 | 1.33 | Out |
Call | SHOP250919C00145000 | 1402 | 145.0 | 1.72 - 1.82 | 1.91 | Out |
Call | SHOP250919C00140000 | 576 | 140.0 | 2.24 - 2.35 | 2.32 | Out |
Call | SHOP250919C00135000 | 1875 | 135.0 | 2.9 - 3.05 | 2.94 | Out |
Call | SHOP250919C00130000 | 1457 | 130.0 | 3.8 - 3.95 | 3.81 | Out |
Call | SHOP250919C00125000 | 771 | 125.0 | 4.9 - 5.0 | 5.04 | Out |
Call | SHOP250919C00120000 | 2943 | 120.0 | 6.3 - 6.4 | 6.35 | Out |
Call | SHOP250919C00115000 | 1674 | 115.0 | 7.95 - 8.15 | 8.19 | Out |
Call | SHOP250919C00110000 | 3458 | 110.0 | 10.0 - 10.15 | 9.95 | Out |
Call | SHOP250919C00105000 | 1667 | 105.0 | 12.4 - 12.55 | 12.31 | In |
Call | SHOP250919C00100000 | 1032 | 100.0 | 15.1 - 15.3 | 15.05 | In |
Call | SHOP250919C00095000 | 794 | 95.0 | 18.25 - 18.75 | 18.4 | In |
Call | SHOP250919C00090000 | 947 | 90.0 | 21.65 - 21.9 | 22.21 | In |
Call | SHOP250919C00085000 | 583 | 85.0 | 25.3 - 25.7 | 26.3 | In |
Call | SHOP250919C00080000 | 984 | 80.0 | 29.35 - 29.65 | 29.3 | In |
Call | SHOP250919C00075000 | 1389 | 75.0 | 33.6 - 33.9 | 33.93 | In |
Call | SHOP250919C00070000 | 312 | 70.0 | 38.05 - 38.5 | 38.75 | In |
Call | SHOP250919C00065000 | 103 | 65.0 | 42.5 - 43.3 | 43.37 | In |
Call | SHOP250919C00060000 | 165 | 60.0 | 47.05 - 47.85 | 47.71 | In |
Call | SHOP250919C00055000 | 435 | 55.0 | 51.7 - 53.95 | 52.08 | In |
Call | SHOP250919C00050000 | 152 | 50.0 | 56.5 - 57.45 | 57.54 | In |
Call | SHOP250919C00045000 | 13 | 45.0 | 60.8 - 63.1 | 60.8 | In |
Call | SHOP250919C00040000 | 52 | 40.0 | 66.35 - 67.65 | 66.84 | In |
Call | SHOP250919C00035000 | 20 | 35.0 | 71.05 - 72.75 | 82.86 | In |
Call | SHOP250919C00030000 | 25 | 30.0 | 75.9 - 77.7 | 76.34 | In |
Put | SHOP250919P00190000 | 0 | 190.0 | 82.4 - 85.2 | 82.4 | In |
Put | SHOP250919P00185000 | 0 | 185.0 | 77.4 - 80.2 | 77.4 | In |
Put | SHOP250919P00180000 | 0 | 180.0 | 72.4 - 75.2 | 72.4 | In |
Put | SHOP250919P00175000 | 0 | 175.0 | 66.6 - 70.55 | 66.6 | In |
Put | SHOP250919P00170000 | 0 | 170.0 | 61.6 - 65.5 | 61.6 | In |
Put | SHOP250919P00165000 | 0 | 165.0 | 57.3 - 59.9 | 57.3 | In |
Put | SHOP250919P00160000 | 4 | 160.0 | 52.45 - 54.9 | 52.45 | In |
Put | SHOP250919P00155000 | 0 | 155.0 | 48.55 - 49.05 | 48.55 | In |
Put | SHOP250919P00150000 | 0 | 150.0 | 43.8 - 44.25 | 43.8 | In |
Put | SHOP250919P00145000 | 4 | 145.0 | 39.3 - 39.85 | 39.3 | In |
Put | SHOP250919P00140000 | 20 | 140.0 | 34.6 - 35.0 | 34.6 | In |
Put | SHOP250919P00135000 | 48 | 135.0 | 30.25 - 30.7 | 30.25 | In |
Put | SHOP250919P00130000 | 117 | 130.0 | 26.25 - 26.45 | 25.98 | In |
Put | SHOP250919P00125000 | 411 | 125.0 | 22.35 - 22.55 | 22.09 | In |
Put | SHOP250919P00120000 | 560 | 120.0 | 18.75 - 19.0 | 18.37 | In |
Put | SHOP250919P00115000 | 1188 | 115.0 | 15.45 - 15.65 | 15.6 | In |
Put | SHOP250919P00110000 | 1536 | 110.0 | 12.5 - 12.65 | 12.75 | In |
Put | SHOP250919P00105000 | 2097 | 105.0 | 9.9 - 10.1 | 10.1 | Out |
Put | SHOP250919P00100000 | 2362 | 100.0 | 7.7 - 7.85 | 7.7 | Out |
Put | SHOP250919P00095000 | 2258 | 95.0 | 5.85 - 5.95 | 5.95 | Out |
Put | SHOP250919P00090000 | 3529 | 90.0 | 4.3 - 4.45 | 4.5 | Out |
Put | SHOP250919P00085000 | 1273 | 85.0 | 3.1 - 3.25 | 3.15 | Out |
Put | SHOP250919P00080000 | 1504 | 80.0 | 2.19 - 2.25 | 2.24 | Out |
Put | SHOP250919P00075000 | 2906 | 75.0 | 1.49 - 1.58 | 1.39 | Out |
Put | SHOP250919P00070000 | 2155 | 70.0 | 1.01 - 1.07 | 1.03 | Out |
Put | SHOP250919P00065000 | 1175 | 65.0 | 0.55 - 0.76 | 0.68 | Out |
Put | SHOP250919P00060000 | 640 | 60.0 | 0.32 - 0.53 | 0.43 | Out |
Put | SHOP250919P00055000 | 1477 | 55.0 | 0.17 - 0.38 | 0.35 | Out |
Put | SHOP250919P00050000 | 770 | 50.0 | 0.07 - 0.25 | 0.22 | Out |
Put | SHOP250919P00045000 | 363 | 45.0 | 0.05 - 0.4 | 0.09 | Out |
Put | SHOP250919P00040000 | 1853 | 40.0 | 0.0 - 0.17 | 0.06 | Out |
Put | SHOP250919P00035000 | 379 | 35.0 | 0.0 - 0.12 | 0.06 | Out |
Put | SHOP250919P00030000 | 274 | 30.0 | 0.0 - 0.1 | 0.05 | Out |
Shopify Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Shopify Total Stockholder Equity
Total Stockholder Equity |
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Shopify Corporate Directors
| Carrie Gillard | Director Relations | Profile | |
| Thomas Epting | Director Network | Profile | |
| Cynthia Saucier | Director UX | Profile | |
| Robert Ashe | Lead Independent Director | Profile |
Additional Tools for Shopify Stock Analysis
When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.