Shopify Unusual Options Activity For May 31
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Shopify (NYSE:SHOP) with 60% of detected unusual options activity being bearish. The total trade price for 5 puts is $332,191, while 5 calls amount to $6,893,094. Whales have targeted a price range of $48.0 to $200.0 for Shopify over the last 3 months.
May 31, 2023 | 3:31 pm
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A whale has taken a bearish stance on Shopify (NYSE:SHOP) with 60% of detected unusual options activity being bearish. The total trade price for 5 puts is $332,191, while 5 calls amount to $6,893,094.
The article highlights that a whale has taken a bearish stance on Shopify, with 60% of the detected unusual options activity being bearish. This indicates that the investor expects the stock price to decline in the short term. The total trade price for 5 puts is $332,191, while 5 calls amount to $6,893,094. This information is relevant and important for investors in Shopify, as it may impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100