Shopify Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Shopify (NYSE:SHOP) with 16 strange trades detected. 50% of investors opened trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $40 to $70 for Shopify over the last 3 months.

May 23, 2023 | 5:46 pm
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Shopify has experienced unusual options activity with 16 strange trades detected. Whales have been targeting a price range of $40 to $70 for the stock over the last 3 months.
The article highlights unusual options activity for Shopify, with 50% of investors having bullish expectations and 50% bearish. This indicates a neutral short-term impact on the stock price, as the market participants are divided in their expectations. The targeted price range of $40 to $70 by whales over the last 3 months also suggests that there is no clear direction for the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100