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Something to keep an eye on: Mostly small retail traders are showing a short build up in $SHOP. Net option volume delta is -66 K!

SHOP 116.41-9.79 (-7.8%)Shopify - Class A Subordinate Voting Shares

  • ATM straddle for 27-Feb-26 expiration returned a positive 51.3% from the previous business day
  • The upside wing (25 delta calls) declined -84.1%
  • Downside put (25 delta puts) gained 251.7%
  • The option volume for 27-Feb-26 expiration is 13,375
I noticed a lot of bullish pressure coming from the options market on $SHOP. Check out this order imbalance! 1.8 M option volume delta. What is option volume delta?

Outlook is neutral, with stock confined to a channel of ±4%

Strategy has +57% ROI potential and 23% overvalued

Unusual Option Volume

SHOP Shopify - Class A Subordinate Voting Shares121.62+8.08 (+7.1%)

Shopify - Class A Subordinate Voting Shares trades 89,106 contracts.
Large Increase in Open Interest

SHOP Shopify - Class A Subordinate Voting Shares110.64-0.02 (0.0%)

The open interest (OI) on the 18-Jun-26 170.00 strike increased by 55,203 call contracts and decreased by 1 puts. The total OI for the expiration was increased by 2x the average option volume. View Open Interest
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