Looking At Shopify's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Shopify (NYSE:SHOP) indicates a bullish stance among big-money traders, with 12 call options and 1 put option detected. The overall sentiment is 53% bullish and 23% bearish. The price range focus is between $25.0 and $95.0, with significant trades showing high interest in the stock.
May 21, 2024 | 2:46 pm
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Unusual options activity for Shopify indicates a bullish sentiment among big-money traders, with 12 call options and 1 put option detected. The price range focus is between $25.0 and $95.0.
The detection of 12 call options and only 1 put option suggests a bullish sentiment among big-money traders. This unusual activity often indicates that these traders expect positive movement in Shopify's stock price. The focus on a price range between $25.0 and $95.0 further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100