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: Jun 17, 2027
Days to expiration: 249
Share price: $170.85
Put/call ratio (OI): 1.28
Put/call ratio (volume): 2.73
ATM implied volatility: 56.0%
Expected move: ±$78.95
Open interest (C / P): 14.57K / 18.58K

SHOP options summary

The SHOP options chain for the June 17, 2027 expiration lists 36 call and 35 put contracts, with 249 days until expiration. Open interest stands at 14,571 calls and 18,583 puts, a put/call ratio of 1.28, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $170.00 strike is 56.0%, which implies the market expects a move of about ±$78.95 (46.2%) in Shopify stock by expiration.

The most open interest sits at the $150.00 call (2.12K contracts) and the $85.00 put (3.21K contracts).

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

SHOP options chain · June 17, 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
12	1	97.1%	94.99	121.00	124.55	50.00	0.00	0.80	0.32	72.5%	1	66
51	1	96.0%	88.45	116.95	119.80	55.00	0.14	0.93	0.57	70.4%	1	131
19	1	89.1%	101.95	111.60	115.10	60.00	0.25	1.09	0.62	67.9%	3	136
31	1	85.5%	98.13	106.90	110.45	65.00	0.43	0.91	1.90	63.0%	1	35
27	1	82.5%	92.19	102.30	105.85	70.00	0.80	1.29	0.99	63.7%	1	189
28	2	79.8%	88.80	97.75	101.30	75.00	0.65	1.90	1.45	61.7%	1	1,070
56	17	78.3%	63.40	93.35	97.05	80.00	0.24	2.00	1.80	55.9%	1	193
317	18	75.9%	73.30	89.25	92.30	85.00	1.38	2.61	3.43	59.1%	1	3,210
42	5	73.5%	68.50	84.55	88.15	90.00	2.19	2.90	3.03	58.5%	1	625
48	5	71.2%	76.76	80.40	83.55	95.00	2.88	3.70	3.77	58.4%	1	676
172	1	68.5%	75.00	76.10	79.00	100.00	3.10	4.55	4.30	56.8%	1	642
78	1	68.7%	70.00	72.10	75.75	105.00	4.40	5.00	5.37	56.4%	2	929
80	11	67.9%	69.00	68.25	72.10	110.00	5.45	6.45	6.15	56.8%	11	1,276
171	1	65.9%	65.00	64.55	67.60	115.00	6.75	7.70	7.30	56.8%	1	280
213	15	64.9%	61.15	60.85	64.00	120.00	7.75	8.50	8.20	55.2%	12	946
157	2	64.4%	55.80	57.40	60.70	125.00	8.00	10.05	9.83	53.5%	16	486
120	3	65.4%	54.99	54.75	58.05	130.00	10.65	11.80	11.70	54.9%	3	530
2,069	4	63.7%	51.00	51.25	54.30	135.00	12.25	12.90	13.15	53.7%	7	2,167
205	1	62.6%	45.66	47.70	51.25	140.00	14.05	14.80	15.84	53.4%	315	2,326
194	5	62.5%	47.10	45.55	47.95	145.00	15.70	16.75	18.05	52.7%	71	110
2,118	25	63.0%	43.82	43.40	45.40	150.00	17.70	19.80	18.53	53.3%	16	1,270
258	20	61.9%	39.75	39.90	42.95	155.00	19.40	22.05	33.20	52.4%	85	136
773	4	61.5%	38.10	38.20	39.70	160.00	22.55	23.80	23.30	52.2%	20	334
466	1	61.0%	34.65	35.05	37.90	165.00	23.90	26.70	26.46	51.1%	2	239
718	1	60.5%	30.92	32.80	35.45	170.00	26.95	29.60	31.05	51.4%	3	358
SHOP $170.85
335	13	61.0%	32.05	31.45	33.35	175.00	30.50	32.45	33.85	51.8%	1	151
357	16	60.2%	29.95	29.30	30.90	180.00	32.70	35.35	34.92	50.9%	2	0
1,120	2	59.7%	27.32	27.65	28.50	185.00	0.00	0.00	74.40	—	2	0
280	2	60.0%	25.47	25.55	27.65	190.00	77.50	81.50	54.65	121.8%	1	1
162	17	58.9%	23.16	22.65	26.20	195.00	42.65	44.10	46.68	51.0%	7	2
1,504	4	58.6%	22.75	21.65	23.95	200.00	45.65	48.20	50.04	52.0%	53	54
397	13	59.0%	19.45	19.45	21.15	210.00	—	—	—	—	—	—
457	12	58.3%	17.10	16.35	18.75	220.00	0.00	0.00	73.68	—	2	0
500	1	58.1%	15.49	14.05	16.70	230.00	0.00	0.00	84.47	—	1	0
255	4	58.0%	13.25	12.15	14.80	240.00	126.85	130.60	132.21	141.6%	13	15
781	11	57.9%	11.70	10.45	13.20	250.00	0.00	0.00	104.40	—	1	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 June 17, 2027 expiration, the SHOP put/call ratio based on open interest is 1.28 (18,583 puts vs 14,571 calls), and 2.73 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 June 17, 2027 is about 56.0%, 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.