A significant amount of bearish options activity has been detected for Shopify (NYSE:SHOP), with 58% of investors opening trades with bearish expectations. The total amount for puts is $1,871,426 and for calls is $225,995. Whales have been targeting a price range from $16.0 to $95.0 for Shopify over the last 3 months. The price of SHOP is up 1.49% at $47.09. Loop Capital and Citigroup have maintained their Hold and Neutral ratings on Shopify respectively, while UBS and Seaport Global have downgraded their actions to Neutral and Buy respectively.