Options Traders Target Shopify Stock Before Earnings
Portfolio Pulse from
Shopify Inc (NYSE:SHOP) stock is experiencing an increase in activity as options traders target it ahead of the company's third-quarter earnings report, which is set to be released before the market opens on November 12.
November 11, 2024 | 8:30 pm
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Shopify's stock is seeing increased options trading activity as investors anticipate the company's third-quarter earnings report, which is expected to be released before the market opens on November 12.
The anticipation of Shopify's earnings report is driving increased options trading activity, suggesting that investors are expecting significant movement in the stock price. This typically indicates a positive sentiment, as traders are positioning themselves ahead of potential good news.
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