SHOP Shopify (SHOP) options offer exposure to the e-commerce platform leader with significant earnings volatility, growth stock dynamics, and moderate-to-high IV.

SHOP's merchant growth and GMV trends drive significant earnings reactions. The stock's transition from hyper-growth to profitable growth has shifted options characteristics.

SHOP Options Characteristics

Avg Daily Volume

200K+ contracts

Typical Spread

$0.03-0.10

Typical IV Rank

30-55%

Expirations

Weekly, Monthly, Quarterly, LEAPS

Price Range

$70-110

Correlation

Moderate correlation with e-commerce and growth tech

Best Strategies for SHOP

Iron Condors

Capture earnings IV crush

Bull Call Spreads

E-commerce growth thesis

Calendar Spreads

Exploit earnings IV term structure

LEAPS Calls

Long-term e-commerce adoption thesis

Cash-Secured Puts

Accumulate on post-earnings dips

E-Commerce Platform Play

Shopify earnings move the stock 10-20% as markets react to merchant growth, GMV, and profitability metrics. Options IV expands significantly ahead of reports.

SHOP Options FAQ

How volatile is Shopify on earnings?

SHOP commonly moves 10-20% on earnings, making it one of the most volatile mid-cap earnings events. Merchant growth, GMV, and margin guidance are key catalysts. Always use defined-risk strategies.

Is Shopify good for options income?

The elevated IV (30-55% rank) provides good premium for iron condors and put spreads. However, earnings tail risk is significant. Many traders focus premium-selling strategies on the weeks between earnings reports.