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: Apr 16, 2027
Days to expiration: 187
Share price: $170.85
Put/call ratio (OI): 1.13
Put/call ratio (volume): 0.33
ATM implied volatility: 58.5%
Expected move: ±$71.55
Open interest (C / P): 1.36K / 1.53K

SHOP options summary

The SHOP options chain for the April 16, 2027 expiration lists 24 call and 19 put contracts, with 187 days until expiration. Open interest stands at 1,363 calls and 1,534 puts, a put/call ratio of 1.13, which is fairly balanced between calls and puts. At-the-money implied volatility near the $170.00 strike is 58.5%, which implies the market expects a move of about ±$71.55 (41.9%) in Shopify stock by expiration.

The most open interest sits at the $140.00 call (174 contracts) and the $115.00 put (454 contracts).

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

SHOP options chain · April 16, 2027

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
—	—	—	—	—	—	70.00	0.00	0.96	0.54	63.9%	1	11
14	5	82.6%	89.15	96.50	100.10	75.00	0.29	1.04	0.52	62.7%	1	72
—	—	—	—	—	—	80.00	0.39	1.09	0.87	59.5%	5	176
9	1	76.4%	54.66	87.15	90.75	85.00	0.48	1.80	2.02	60.1%	1	11
—	—	—	—	—	—	90.00	0.84	2.19	1.52	59.4%	1	5
—	—	—	—	—	—	95.00	1.50	2.28	3.21	58.1%	5	24
5	1	70.6%	65.10	73.80	77.60	100.00	2.14	2.68	2.45	57.4%	1	67
3	3	68.9%	37.60	69.50	73.35	105.00	2.76	3.40	2.95	56.9%	2	14
—	—	—	—	—	—	110.00	2.83	4.70	4.55	56.0%	1	67
—	—	—	—	—	—	115.00	3.45	5.80	10.75	55.4%	4	454
93	1	63.5%	37.68	57.30	60.55	120.00	5.05	6.30	6.00	55.1%	10	118
48	1	63.0%	51.50	53.70	56.90	125.00	5.30	8.35	7.93	54.6%	1	44
9	1	62.7%	42.85	50.10	53.65	130.00	6.70	9.45	9.13	53.9%	2	16
106	4	62.5%	40.28	47.10	50.15	135.00	8.30	10.25	9.67	52.8%	1	40
174	2	61.3%	41.40	43.85	46.50	140.00	10.75	11.95	12.78	53.6%	2	63
12	10	60.9%	40.77	40.80	43.45	145.00	12.15	14.40	13.50	53.6%	1	194
36	1	60.3%	37.95	37.75	40.45	150.00	13.10	16.35	16.80	52.0%	4	79
12	1	59.8%	22.63	34.95	37.70	155.00	15.75	18.50	18.15	52.3%	1	78
14	3	58.8%	33.50	32.35	34.45	160.00	—	—	—	—	—	—
77	55	59.0%	29.52	29.85	32.55	165.00	—	—	—	—	—	—
49	4	58.5%	27.43	27.50	30.05	170.00	—	—	—	—	—	—
SHOP $170.85
87	1	57.9%	25.95	25.25	27.60	175.00	—	—	—	—	—	—
61	5	57.0%	22.52	23.20	25.00	180.00	—	—	—	—	—	—
73	1	58.2%	21.75	21.25	24.55	185.00	31.80	34.55	35.15	50.3%	1	1
67	3	57.7%	19.66	19.50	22.45	190.00	—	—	—	—	—	—
23	2	57.4%	17.70	17.85	20.70	195.00	—	—	—	—	—	—
152	10	56.8%	16.62	16.30	18.75	200.00	—	—	—	—	—	—
137	1	56.7%	13.31	13.60	16.25	210.00	—	—	—	—	—	—
74	20	56.7%	8.17	11.30	14.10	220.00	—	—	—	—	—	—
28	1	56.6%	9.83	9.30	12.25	230.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the SHOP put/call ratio based on open interest is 1.13 (1,534 puts vs 1,363 calls), and 0.33 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 April 16, 2027 is about 58.5%, 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.