Shopify Inc. (SHOP)
NASDAQ: SHOP
· Real-Time Price · USD
141.34
-2.93 (-2.03%)
At close: Aug 15, 2025, 2:06 PM
SHOP Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SHOP across all expirations is 158,778.82 shares per 1% move, with 306,867.24 from calls and 148,088.42 from puts. The put-call GEX ratio of 0.48 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Aug 22, 25 expiration with 52,919.86 net GEX, which may act as a magnet point for price action. Near-term exposure for Aug 22, 25 suggests potential support from positive gamma hedging flows.
SHOP GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 73,760.45 | -20,840.59 | 52,919.86 | 0.28 |
| Aug 29, 25 | 17,738.4 | -6,677.48 | 11,060.92 | 0.38 |
| Sep 5, 25 | 21,156.12 | -5,198.82 | 15,957.3 | 0.25 |
| Sep 12, 25 | 3,417.92 | -2,681.46 | 736.46 | 0.78 |
| Sep 19, 25 | 60,568.93 | -34,807.04 | 25,761.89 | 0.57 |
| Sep 26, 25 | 456.97 | -611.93 | -154.96 | 1.34 |
| Oct 17, 25 | 26,584.62 | -20,476.29 | 6,108.33 | 0.77 |
| Nov 21, 25 | 9,610.73 | -10,118.69 | -507.96 | 1.05 |
| Dec 19, 25 | 8,774.32 | -4,310.07 | 4,464.25 | 0.49 |
| Jan 16, 26 | 48,359.21 | -21,455.53 | 26,903.68 | 0.44 |
| Mar 20, 26 | 16,758.17 | -5,343.61 | 11,414.56 | 0.32 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| May 15, 26 | 1,263.54 | -1,473.95 | -210.41 | 1.17 |
| Jun 18, 26 | 5,732.1 | -6,399.28 | -667.18 | 1.12 |
| Sep 18, 26 | 1,076.48 | -564.01 | 512.47 | 0.52 |
| Dec 18, 26 | 2,583.61 | -1,333.01 | 1,250.6 | 0.52 |
| Jan 15, 27 | 9,025.67 | -5,796.66 | 3,229.01 | 0.64 |