Shopify Inc. (SHOP)
NASDAQ: SHOP
· Real-Time Price · USD
144.27
-5.82 (-3.88%)
At close: Aug 14, 2025, 3:59 PM
144.18
-0.06%
Pre-market: Aug 15, 2025, 08:51 AM EDT
SHOP Delta Exposure By Expiry
The total Delta Exposure (DEX) for SHOP across all expirations shows 17,881,992.96 net shares that market makers must hedge, with 21,863,356.65 from calls and 3,981,363.69 from puts. The put-call delta ratio of 0.18 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks. The largest delta concentration at Jan 16, 26 with 7,436,420.42 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 22, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
SHOP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 22, 25 | 793,111.92 | -265,847.84 | 527,264.08 | 0.34 |
| Aug 29, 25 | 331,664.89 | -108,352.02 | 223,312.87 | 0.33 |
| Sep 5, 25 | 317,380.53 | -93,110.49 | 224,270.04 | 0.29 |
| Sep 12, 25 | 75,060.14 | -49,094.26 | 25,965.88 | 0.65 |
| Sep 19, 25 | 3,818,548.11 | -641,163.52 | 3,177,384.59 | 0.17 |
| Sep 26, 25 | 9,343.66 | -12,186.75 | -2,843.09 | 1.30 |
| Oct 17, 25 | 1,678,807.42 | -532,557.08 | 1,146,250.34 | 0.32 |
| Nov 21, 25 | 597,767.54 | -344,140.77 | 253,626.77 | 0.58 |
| Dec 19, 25 | 789,903 | -145,218.42 | 644,684.58 | 0.18 |
| Jan 16, 26 | 8,121,689.35 | -685,268.93 | 7,436,420.42 | 0.08 |
| Mar 20, 26 | 1,955,653.04 | -244,796.73 | 1,710,856.31 | 0.13 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| May 15, 26 | 104,830.29 | -77,402.89 | 27,427.4 | 0.74 |
| Jun 18, 26 | 842,605.96 | -314,284 | 528,321.96 | 0.37 |
| Sep 18, 26 | 157,282.37 | -30,525.68 | 126,756.69 | 0.19 |
| Dec 18, 26 | 627,690.57 | -78,657.73 | 549,032.84 | 0.13 |
| Jan 15, 27 | 1,642,017.86 | -358,756.58 | 1,283,261.28 | 0.22 |