Shopify (SHOP) Options Chain

NASDAQ: SHOPTechnologyComputer Software: Prepackaged SoftwareUSD

170.85+6.29 (+3.82%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $170.85
Put/call ratio (OI): 0.71
Put/call ratio (volume): 1.00
ATM implied volatility: 54.7%
Expected move: ±$10.93
Open interest (C / P): 72.64K / 51.64K

SHOP options summary

The SHOP options chain for the October 16, 2026 expiration lists 45 call and 55 put contracts, with 5 days until expiration. Open interest stands at 72,636 calls and 51,637 puts, a put/call ratio of 0.71, which is fairly balanced between calls and puts. At-the-money implied volatility near the $170.00 strike is 54.7%, which implies the market expects a move of about ±$10.93 (6.4%) in Shopify stock by expiration.

The most open interest sits at the $135.00 call (23.78K contracts) and the $110.00 put (18.23K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

SHOP options chain · October 16, 2026

SHOP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
2	1	437.5%	85.33	119.05	122.90	50.00	0.00	0.00	0.35	50.0%	1	0
—	—	—	—	—	—	55.00	0.00	2.13	1.01	562.7%	1	155
9	1	398.4%	108.62	109.15	112.95	60.00	0.00	2.13	0.03	522.7%	3	38
9	12	424.2%	92.99	104.75	107.95	65.00	0.00	0.17	0.28	332.8%	7	291
8	1	314.1%	89.61	98.95	102.95	70.00	0.00	2.13	0.02	451.9%	5	242
3	1	313.3%	83.54	94.15	97.90	75.00	0.00	2.13	0.04	420.5%	10	462
35	1	278.1%	79.98	88.95	93.00	80.00	0.00	0.50	0.02	305.5%	5	385
7	2	323.4%	61.50	84.80	88.05	85.00	0.00	0.35	0.01	269.1%	1	968
113	1	265.6%	80.00	79.80	82.45	90.00	0.00	2.13	0.03	337.6%	1	625
38	2	206.3%	54.50	73.95	77.90	95.00	0.00	0.10	0.05	196.9%	6	617
116	10	317.3%	68.59	68.95	72.45	100.00	0.00	1.00	0.02	249.8%	95	1,861
148	1	216.2%	54.10	64.50	67.90	105.00	0.00	0.05	0.01	153.1%	4	689
414	4	195.5%	61.15	59.50	62.85	110.00	0.00	0.09	0.10	149.2%	1	18,228
—	—	—	—	—	—	114.00	0.00	2.13	0.11	229.0%	—	8
614	16	216.7%	52.32	54.05	56.75	115.00	0.00	0.77	0.03	183.6%	2	953
—	—	—	—	—	—	116.00	0.00	0.02	0.02	114.1%	2	4
—	—	—	—	—	—	117.00	0.00	2.13	0.11	216.8%	5	268
—	—	—	—	—	—	118.00	0.00	2.13	0.17	212.8%	1	11
—	—	—	—	—	—	119.00	0.00	2.13	0.06	208.9%	2	13
405	14	143.0%	45.10	49.55	52.45	120.00	0.00	0.50	0.01	154.7%	2	5,761
—	—	—	—	—	—	121.00	0.00	2.13	0.06	201.1%	1	6
—	—	—	—	—	—	122.00	0.00	2.13	0.07	197.2%	5	135
—	—	—	—	—	—	123.00	0.00	0.55	0.07	147.7%	1	36
—	—	—	—	—	—	124.00	0.00	2.13	0.06	189.4%	1	37
962	8	143.6%	45.68	44.80	47.50	125.00	0.00	0.49	0.02	138.7%	10	898
—	—	—	—	—	—	126.00	0.00	2.13	0.07	181.8%	3	220
2	1	137.3%	39.71	42.80	45.50	127.00	0.00	2.12	0.03	177.8%	4	57
—	—	—	—	—	—	128.00	0.00	2.12	0.06	174.1%	1	94
2	1	131.1%	39.74	40.80	43.50	129.00	0.00	2.12	0.03	170.4%	8	42
1,767	21	121.9%	39.00	39.65	42.50	130.00	0.00	0.18	0.02	106.1%	8	1,604
7	1	125.0%	20.03	38.80	41.50	131.00	0.00	0.04	0.04	85.9%	1	234
144	1	122.0%	37.76	37.80	40.50	132.00	0.00	0.53	0.01	119.3%	20	132
57	2	120.7%	34.35	36.85	39.50	133.00	0.00	2.10	0.21	155.2%	2	647
219	1	117.7%	29.00	35.85	38.50	134.00	0.00	0.14	0.09	92.6%	2	201
23,777	52	78.9%	36.02	34.95	36.80	135.00	0.00	0.03	0.05	75.0%	34	3,103
112	45	88.3%	35.05	34.35	35.50	136.00	0.00	0.14	0.04	87.5%	7	689
883	5	107.0%	31.78	32.85	35.45	137.00	0.00	0.15	0.03	85.7%	14	116
249	2	105.7%	29.40	31.85	34.50	138.00	0.00	0.04	0.03	71.1%	100	128
234	1	151.6%	29.88	30.00	33.50	139.00	0.00	2.13	0.05	134.1%	4	99
1,897	70	84.4%	31.00	30.20	31.75	140.00	0.02	0.04	0.04	69.5%	201	1,335
190	7	98.2%	29.85	28.90	31.50	141.00	0.00	0.27	0.06	82.8%	11	550
7,195	957	98.2%	25.90	25.40	27.55	145.00	0.04	0.13	0.07	67.4%	34	1,865
6,251	411	58.8%	21.20	20.05	21.90	150.00	0.10	0.50	0.10	69.3%	711	1,716
1,485	14	61.0%	18.27	17.55	19.70	152.50	0.10	0.93	0.22	70.6%	1,590	2,220
4,274	135	72.2%	16.05	15.70	17.70	155.00	0.30	0.39	0.32	56.8%	111	950
5,193	386	53.8%	11.67	11.30	12.00	160.00	0.80	0.82	0.85	54.0%	1,926	2,010
4,117	717	51.6%	7.85	6.90	8.35	165.00	1.80	2.00	2.00	53.5%	1,064	303
2,284	1,798	54.5%	4.74	4.55	5.00	170.00	3.70	4.20	3.80	54.8%	1,114	590
SHOP $170.85
2,360	909	54.1%	2.63	2.45	2.76	175.00	6.40	6.65	6.75	51.1%	57	6
1,147	298	53.8%	1.23	1.15	1.37	180.00	9.30	11.50	10.76	53.6%	1	17
1,777	577	54.6%	0.61	0.52	0.64	185.00	14.10	15.80	19.37	60.0%	7	17
1,574	459	59.1%	0.27	0.22	0.45	190.00	18.65	20.50	52.19	62.3%	1	0
871	128	61.1%	0.14	0.03	0.30	195.00	48.70	51.00	70.85	432.7%	20	0
523	93	61.3%	0.05	0.00	0.13	200.00	28.25	30.35	34.00	69.4%	1	1
817	29	71.5%	0.04	0.01	0.06	210.00	—	—	—	—	—	—
47	59	97.7%	0.03	0.01	0.20	220.00	—	—	—	—	—	—
298	3	129.3%	0.08	0.01	0.55	230.00	0.00	0.00	75.95	—	—	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the SHOP put/call ratio?

For the October 16, 2026 expiration, the SHOP put/call ratio based on open interest is 0.71 (51,637 puts vs 72,636 calls), and 1.00 based on today's volume. A ratio above 1 means more puts than calls.

What is SHOP's implied volatility?

At-the-money implied volatility for SHOP options expiring October 16, 2026 is about 54.7%, an annualized estimate of how much the market expects Shopify stock to move.

How many SHOP option expiration dates are there?

SHOP has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.